Asian stocks rose from an almost six-week low, following gains in U.S. and European shares, as a weakening yen boosted Japanese equities and concern eased from the attacks in Paris.
The MSCI Asia Pacific Index added 0.6 percent to 131.31 as of 9:00 a.m. in Tokyo after closing Monday at the lowest since Oct. 6. Shares rallied during the European and U.S. sessions, with the Standard & Poor’s 500 Index jumping 1.5 percent and the Stoxx Europe 600 Index climbing 0.3 percent. The history of terror incidents around the world over the last 15 years shows market reactions are often sharp and short-lived.
The Asia-Pacific gauge remains 4.7 percent lower this year and may post its first back-to-back annual declines since 2002 as investors assess the extent of China’s economic slowdown amid preparations by the Federal Reserve to raise interest rates as early as next month.