Stocks rose, led by gains in Japan, amid signs a rally in global equities is broadening into the year-end. The yuan slipped after China set its daily reference rate for the currency at a level that was significantly weaker than estimated by traders and analysts.
MSCI Inc.’s gauge of Asian equities climbed 0.8% to head for its best day in about a week, with cyclical sectors such as industrials and financials among the top contributors to gains. European equity futures also rose while US stock futures were steady after the S&P 500 climbed 0.3% overnight.
AloJapan.com