Asia Stocks Finally Get Their Moment in Bull-Market Spotlight
- MSCI Asia Pacific Index has rebounded 20% from March 23 low
- Energy shares, drugmakers are leading the Asian bounce
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Asia Pacific stocks have finally risen more than 20% from their recent lows and are set to join global peers in a bull market.
The MSCI Asia Pacific Index advanced 0.9% as of 5:29 p.m. in Hong Kong, climbing for a third day. This will make it one of the last major regional gauges to enter a bull market, weeks after those in the U.S., Europe, Southeast Asia and Latin America. Energy shares, the worst performers in the early part of the year, and drugmakers are leading the Asian rebound.