Asian stocks rose, with the regional benchmark index posting a two-week advance, as the yen capped its steepest weekly decline this year after the Bank of Japan boosted lending programs and U.S. manufacturing expanded.
Asian stocks fell, with the regional benchmark index dropping the most since June, after data showing weaker-than-expected growth in U.S. manufacturing helped extend a rout that wiped about $2.9 trillion from the value of global equities this year.
Most stocks on Asia’s benchmark regional stock index dropped after valuations climbed to near their highest level in six months. Japanese exporters declined as the yen strengthened, while gold producers advanced.
Asian stocks fell, with the regional benchmark index declining to a three-week low, amid concern signs of improvement in the U.S. jobs market will prompt the Federal Reserve to bring forward cuts to stimulus.
Australia & New Zealand Banking Group Ltd., the worst performer among Australia’s four largest bank stocks this year, posted second-half profit that missed analyst forecasts after volatile markets eroded trading profit.
Asian stocks sank, with the regional benchmark index headed for the biggest drop since September 2011, as Japanese shares plummeted after preliminary China manufacturing data unexpectedly signaled a contraction and the yen strengthened.
Macquarie Group Ltd., Australia’s largest investment bank, said second-half profit more than doubled and forecast higher earnings next fiscal year as the global economic recovery drives a surge in trading.