Asian stocks fell, with the regional benchmark index on course to drop for a fourth day, amid concern over the Federal Reserve’s plan to cut stimulus and as profit growth at China’s industrial companies slowed.
Japanese shares rose, with the Topix index advancing for the first time in five days, as investors weighed economic data and speculated on the timing of stimulus cuts ahead of today’s Federal Reserve policy meeting.
Nintendo Co., the world’s largest maker of video-game players, rose the most in 33 months in Osaka on speculation it will be included in the Nikkei 225 Stock Average should the city’s exchange merge with the Tokyo’s.
Japanese stocks rose, with the Nikkei 225 Stock Average climbing to an almost six-year high, as the yen fell to the lowest since May versus the dollar after data showed U.S. manufacturing unexpectedly accelerated last month.
Japanese shares rose, with the Nikkei 225 Stock Average climbing from an almost seven-week low, as the weaker yen boosted exporters and amid a report Prime Minister Shinzo Abe is considering a corporate-tax cut.