Japanese shares rose, with the Nikkei 225 Stock Average gaining the most in a week, after the government reported higher-than-estimated exports and an unexpected trade surplus for February. Rising crude prices boosted energy companies.
Japanese stocks edged up, sending the Topix Index up for a sixth day, as proposals from European Union finance ministers to tame the debt crisis reassured investors, boosting the outlook for Asian exporters.
Japan’s Nikkei 225 Stock Average fell for the first time in three days as Italian borrowing costs surged, reigniting concern Europe’s debt crisis is spreading and damping the earnings outlook for Asian exporters. Turnover on the Tokyo Stock Exchange was the lowest this year.
Japanese stocks fell as concern China’s interest rate increase will slow growth dragged down commodity prices and after the yen advanced, damping the outlook for export earnings. Trading was the lightest in two years.
Japanese stocks climbed the most in two months as the yen fell amid optimism the European Union will do more to ease the region’s debt crisis and a report showed Japan’s industrial production is set to rebound.
Asian stocks rose, lifting the MSCI Asia Pacific Index to a five-month high, as manufacturing in China accelerated and a Bank of Japan survey spurred speculation the central bank will take steps to bolster economic growth.