Asian Stocks Extends Gains Ahead of ECB, BOJ Policy Reviews
- U.S. Dollar selloff sees reprieve as yields rise, Euro falls
- Aussie stocks up as ARPA expects tier-1 capital ratio increase
European Central Banks Watch ECB for Policy Clues
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Asian equities rose to the highest level in almost 10 years as the euro weakened and U.S. dollar remained near its one-year low on hopes the European Central Bank and Bank of Japan will keep policies supportive amid concerns over the pace of reforms in the U.S..
The MSCI Asia Pacific Index rose for an eighth straight day, adding 0.3 percent to 158.64 as of 4:32 p.m. in Hong Kong. Financial and technology shares were the top gainers.