Asia Stocks Trounce European Peers as Euro Dents Profits

Returns from Asian equities are blowing away the modest advances seen in European stocks as the strong euro weighs on profits at exporters. The MSCI Asia Pacific Index is up 19 percent this year, compared with the five percent gain in the Stoxx Europe 600 Index. The next leg of the rally may be driven by companies delivering strong bottom lines as the earnings season ramps up in Asia with Toyota Motor Corp. and SoftBank Corp. scheduled to report next week.

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