Asian stocks rose, following gains in global shares, as profits topped estimates and the Federal Reserve said the U.S. economy was progressing toward an interest-rate increase.
The MSCI Asia Pacific Index climbed 0.2 percent to 141.04 as of 9:01 a.m. in Tokyo. While Fed policy makers said the labor market and housing had improved, they didn’t provide a clear signal on the timing for rate increases, in a statement issued after their meeting. Economists had put the chance of a September increase at 50 percent.
Equities in the U.S. and Europe climbed as earnings from Bayer AG to General Dynamics Corp. topped expectations. Facebook Inc. declined in extended trading. Nomura Holdings Inc. rose 3 percent in Tokyo after first-quarter profit more than tripled as surging brokerage commissions and investment-banking fees outweighed a drop in trading income. Daiwa Securities Group Inc. advanced 3.3 percent after also posting a larger-than-anticipated earnings increase.
Japan’s Topix index advanced 0.8 percent. Australia’s S&P/ASX 200 Index gained 0.2 percent and New Zealand’s NZX 50 Index rose 0.2 percent. South Korea’s Kospi index added 0.2 percent. Markets in China are yet to open.