Asian Stocks Rise as Hong Kong Leads Advance; Japan Slips on Yen
- Healthcare, finance, information technology stocks rise most
- Japan’s Topix fell as the yen strengthened for a second day
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Asian equities rose, led by gains in Hong Kong, as investors look to Asia’s best-performing developed market this year amid earnings optimism and signs of an improving economy.
The MSCI Asia Pacific Index rose 0.4 percent to 145.11 as of 4:30 p.m. Hong Kong time, led by healthcare, finance and information technology stocks. Chinese banks listed in Hong Kong extended their gains after data showing record levels of new credit this week boosted confidence in the Chinese economy. Japan’s Topix fell as the yen rose against the dollar.