The cost of insuring Malaysian debt against non-payment fell to the lowest level since June as talks between the U.S. and Russia over the latter’s military intervention in Crimea helped ease geopolitical risk.
Stocks rose, with a global benchmark index extending its longest rally since 2010, and copper gained after record lending in China boosted prospects for growth in Asia’s largest economy. Italian bonds climbed while gold and silver advanced along with natural gas.
Taiwan’s central bank Governor Perng Fai-nan criticized monetary easing in advanced economies for destabilizing financial markets, as the Federal Reserve’s record stimulus last year spurs funds into emerging markets.
China’s planned economic reforms are poised to reshape the competitive landscape, allowing private companies such as Alibaba Group Holding Ltd. to compete with state-owned banks and easing the one-child policy to bolster demand for products from Nestle SA to General Motors Co.