Asian stocks climbed after positive earnings sentiment helped boost U.S. equities, while Treasuries pushed higher as trade concerns lingered. The yuan extended gains amid a report the U.S. is asking China to keep its currency stable as part of the negotiations.
Shares in South Korea and Hong Kong led the region, with the MSCI Asia Pacific Index trading at the highest since early October. Earlier, the S&P 500 Index rose after profit at Walmart Inc. lifted retailers and home builders got a push from higher housing activity. Still, gains were modest as worries remained the trade truce will end March 1 without a deal, leading to fresh tariffs. The yen slipped after Japan's trade deficit came in wider than expected.
The MSCI Asia Pacific Index gained 0.6 percent as of 9:33 a.m. in Hong Kong.
Source : Bloomberg