Asia Stocks Poised for Best Weekly Advance in Three Months
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Asian stocks advanced, with the regional benchmark index heading for its best week in three months, as favorable U.S. economic data bolstered investors’ appetite for cyclical shares.
The MSCI Asia Pacific Index climbed as much as 1.2%, extending its gains for the week to more than 2%. A gauge of consumer discretionary companies provided the biggest boost for the regional benchmark, with Japanese automakers Toyota Motor and Honda Motor among top contributors.