Asian stocks stayed on track for their biggest monthly gain in five years as investors awaited a Bank of Japan decision on monetary policy.
The MSCI Asia Pacific Index was little changed at 133.85 as of 9:05 a.m. in Tokyo, with Australian banks dragging on the gauge while Samsung Electronics Co. jumped. The measure is up 8.1 percent in October, led by a rebound in energy shares. Economists are split on whether the BOJ will add to its unprecedented easing on Friday.
Japan’s Topix index slipped 0.1 percent. South Korea’s Kospi index was little changed. Australia’s S&P/ASX 200 Index fell 0.8 percent and New Zealand’s NZX 50 Index lost 0.5 percent. Markets in China and Hong Kong have yet to start trading.