Japanese shares rose, with the Topix index capping its longest winning streak this year, as the yen held near the lowest level in five weeks and after data showed fewer U.S. workers filed for unemployment.
Asian stocks rose a second day after comments from Russian President Vladimir Putin signaled the Ukraine crisis won’t immediately escalate. China shares slid amid concern the country is facing its first onshore corporate bond default.
Asian stocks rose, rebounding from the regional index’s first back-to-back declines in a month, as investors weighed the crisis in Crimea and ahead of the National People’s Congress annual meeting in China starting tomorrow.
Japan’s Topix index climbed, led by real-estate companies, as the yen weakened today and after the gauge yesterday fell the most in more than a week as intensifying conflict in Ukraine spurred a global selloff.
Pressure on the Government Pension Investment Fund to buy more stocks will benefit Japan’s public as well as boost equity markets, said the head of a panel that advised on overhauling the world’s biggest retirement fund.