Chinese equities rose, with a benchmark gauge erasing losses this year, amid expectations for a recovery in the world’s second-largest economy. Japanese shares and rubber gained after the yen touched a 20-month low.
Japanese stocks rose, with the Topix Index headed for its biggest monthly gain since February, as a weaker yen buoyed exporters amid optimism incoming Prime Minister Shinzo Abe will increase pressure on the central bank to do more to end deflation.
Japanese stock futures rose after incoming prime minister Shinzo Abe reiterated he will consider revising the law governing the central bank if it fails to set a higher inflation target next month. The remarks pushed the yen to a 20-month low against the dollar.
Japanese stocks fell, with the Nikkei 225 Stock Average declining the most in a month, after machinery orders plunged the most in a decade and a U.S. employment report missed estimates. Volume was the lowest since January.
Asian stocks fell, with the regional benchmark index declining the most in six months, as concern grew that the European debt crisis may worsen after Francois Hollande was elected France’s first Socialist president in almost two decades.
Asian stocks fell, with a regional benchmark index dropping from a three-month high, ahead of a European summit on the region’s debt crisis and after the U.S. economy expanded less than forecast, hurting the earnings outlook for exporters.
Japanese stocks fell, with the Nikkei 225 Stock Average falling the most in about two weeks, after the rising cost of insuring against a Spanish default signaled concern Europe’s debt crisis is spreading and U.S. consumer confidence dropped, hurting exporters’ prospects.