Economics
China Stocks Erase Year’s Losses as Yen Drop Drives Japan Shares
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Chinese equities rose, with a benchmark gauge erasing losses this year, amid expectations for a recovery in the world’s second-largest economy. Japanese shares and rubber gained after the yen touched a 20-month low.
The MSCI Asia Pacific Index climbed 0.3 percent as of 10:10 p.m. in Tokyo, while the Shanghai Composite Index rose 2.5 percent and Japan’s Nikkei 225 Stock Average added 1.4 percent. The yen rallied 0.2 percent after falling to 84.96 per dollar earlier, the weakest since April 2011. Rubber futures rose 1.6 percent in Tokyo. Most markets in Europe are closed and the U.S. is shut for the Christmas holiday.