Asian stocks rose, following a surge in U.S. shares, as a weaker yen buoyed Japanese equities and energy companies advanced.
The MSCI Asia Pacific Index climbed 0.6 percent to 120.57 as of 9:01 a.m. in Tokyo, with health-care and energy shares leading gains. Japan’s Topix index added 1.9 percent after the yen slid 1.2 percent on Tuesday, while the Standard & Poor’s 500 Index posted its largest increase since January. Crude pared a rally on Wednesday after rising almost 5 percent the previous two days. The Asia Pacific gauge has jumped 6.7 percent from this year’s low on Feb. 12.
South Korea’s Kospi index advanced 1.4 percent and Australia’s S&P/ASX 200 Index rose 1.5 percent. New Zealand’s S&P/NZX 50 Index climbed 0.2 percent.
Futures on Hong Kong’s Hang Seng Index added 0.9 percent in most recent trading, while contracts on the Hang Seng Chain Enterprises Index and the FTSE China A50 Index each gained 1.3 percent.