Asian stocks headed for their largest advance in six weeks amid a global equity rally that sent U.S. equities surging. Japans Topix index jumped on a weaker yen ahead of a central bank policy decision.
The MSCI Asia Pacific Index climbed 1.1 percent to 136.17 as of 9:08 a.m. in Tokyo, trimming its weekly decline to 0.7 percent, while the Topix added 2 percent. BOJ Governor Haruhiko Kuroda is expected to keep policy on hold today in Tokyo. The Standard & Poors 500 Index posted its largest two-day gain in three years as the Federal Reserves pledge to be patient on boosting rates overshadowed concern over a slide in oil and Russias currency.
South Koreas Kospi index climbed 1.1 percent. Australias S&P/ASX 200 Index gained 1.6 percent, while New Zealands NZX 50 Index rose 0.4 percent.
Source : Bloomberg