Asian stocks swung between gains and losses after the biggest rally in three weeks, as investors await data on Chinese industrial production. Health care and telecommunication shares led declines and energy companies rose.
Australia’s dollar weakened against major peers while silver snapped a two-day advance and copper futures declined before Chinese factory output data. Asian stocks fluctuated between gains and losses as Australia’s benchmark index rose for the first time in four days.
Manoj Wanzare, an Indian fund manager with a master’s in business administration, personifies Australia’s best bet to address the risk of a slump in income growth as the nation’s once-in-a-century mining boom fades.
Emerging-market stocks rose the most in three weeks, led by industrial and technology companies, as better-than-estimated data on Chinese exports bolstered confidence on global growth. India’s shares jumped to a record.
Emerging-market stocks led global equities higher as faster-than-estimated Chinese export growth bolstered optimism in the global economy. The Standard & Poor’s 500 Index and India’s benchmark gauge rose to close at record highs, while natural gas jumped on colder U.S. weather.
The foreign policy strategy emerging from China’s new leadership may include a series of incremental steps calibrated to blunt U.S. influence across Asia and sow doubt about America’s commitment to its allies in the region.
Asian stocks rose for the first time in four days after better-than-forecast growth in U.S. jobs and Chinese exports boosted investor confidence that cuts to Federal Reserve stimulus won’t derail the global economic recovery.