apanese stocks rose for the first time in three days as investors examined the prospect of more economic stimulus in China. Airlines led gains and oil producers dropped.
The Topix index added 0.3 percent to 1535.18 as of 9:02 a.m. in Tokyo, with three stocks rising for every two that retreated. Volume was about 8.6 percent lower than the 30-day intraday average. The Nikkei 225 Stock Average climbed 0.1 percent to 18,936.72. Brent crude slumped to the lowest price since mid-2004, while metal prices recovered after China signaled it may boost stimulus to support growth. Japanese markets will be closed Wednesday for a national holiday.
E-mini futures on the Standard & Poor’s 500 Index rose 0.1 percent after the underlying measure rose 0.8 percent on Monday, surging in the final minutes of trading and halting the biggest two-day rout in three months.