Asian Stocks Fluctuate After Best Three-Day Advance Since April

Asian stocks swung between gains and losses as energy shares dropped with crude while health-care and consumer-staple companies advanced.

The MSCI Asia Pacific Index added 0.1 percent to 132.97 as of 9:06 a.m. in Tokyo after falling as much as 0.1 percent. The gauge posted its biggest three-day advance since April through Wednesday as Japanese shares erased their Brexit losses amid signs the government will add more stimulus. The Topix index rose 0.2 percent on Thursday after sliding 0.1 percent.

Australia’s S&P/ASX 200 Index was little changed and South Korea’s Kospi index fell 0.3 percent. New Zealand’s S&P/NZX 50 Index rose 0.2 percent, heading for a record close after surging more than any other major developed market index this year.

Source : Bloomberg

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Asian Stocks Decline, Paring Biggest Weekly Advance Since April

Asian stocks outside Japan dropped as materials and information technology shares led declines after a regional benchmark index posted the biggest weekly advance since April.

The MSCI Asia Pacific Excluding Japan Index fell 0.1 percent to 463.99 as of 8:03 a.m. in Hong Kong. The measure last week posted its biggest weekly advance since April as Chinese shares rallied amid speculation banks will support the market and as the increased likelihood of an end to Greece’s debt crisis bolstered global equities.

South Korea’s Kospi index and Australia’s S&P/ASX 200 Index were little changed. New Zealand’s NZX 50 Index lost 0.1 percent. Markets in Japan are closed for a holiday, while those in China and Hong Kong have yet to open.

Source : Bloomberg

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