Asian Stocks Advance as U.S. Manufacturing Rises Amid Earnings

Asian stocks climbed after U.S. economic data bolstered the case for an interest rate increase this year as investors eye earnings across Japan, China and the U.S. The Topix index advanced as the yen weakened against the dollar.

The MSCI Asia Pacific Index rose 0.2 percent to 140.28 as of 9:02 a.m. in Tokyo, boosting valuations closer to their 10-year average. Data showed a U.S. manufacturing gauge climbed to the highest since 2015, boosting bets by traders for a rate hike by December to 71 percent. A measure tracking global shares advanced on Monday after companies from Rockwell Collins Inc.

Last modified onTuesday, 25 October 2016 02:47