Asian stocks fell for a second day after weaker growth in U.S. payrolls and manufacturing added to evidence of a slowdown in the world’s largest economy and as the yen rose, curbing the earnings outlook for Japanese exporters.
Asian stocks rose, with Japanese shares posting their biggest annual advance since 2005, after a report that the country’s consumer prices fell fanned speculation the central bank will respond to government calls for more asset purchases.
The yen dropped to a one-month low versus the dollar as signs of economic improvement around the globe damped demand for refuge assets while data from the Bank of Japan signaled progress in the central bank’s easing efforts.
Asian stocks rose, with a regional index heading for its longest winning streak in three months, as investors bet Australia’s central bank will cut interest rates tomorrow, corporate earnings beat estimates and confidence among South Korean manufacturers improved.
Equinox Minerals Ltd. , bidding C$4.8 billion ($4.9 billion) for Lundin Mining Corp., is considering a debut bond sale as Australian resources companies pile into capital markets to finance production at the lowest relative yields since 2007.
Japanese stock futures rose, signaling the Nikkei 225 Stock Average will gain for a fourth session on the last trading of the year, as the yen weakens amid calls from the new government for more central bank easing.