Asia Stocks Advance as Yen Depreciates, China Economy Stabilizes
- Japan shares gain as the yen weakens ahead of Fed meeting
- Chinese stocks erase earlier declines in afternoon session
Is China's Economic Stability the Calm Before the Storm?
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Asian stocks rose, erasing earlier losses, as the Japanese yen weakened against the dollar and Chinese data showed continued momentum in that nation’s economy.
The MSCI Asia Pacific Index advanced 0.3 percent to 138.41 as of 4:12 p.m. in Hong Kong, led by health-care and energy companies. Eight of the 11 primary groups gained as the index climbed for the first time in three sessions.