Asian Equity Rally Lives on With Oil at $45; Havens Extend Gains
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Yen ticks higher with gold as Australian 10-year debt rebounds
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Speculation over helicopter money percolates amid Abe’s plans
Asian stocks extended gains, with Japanese shares headed for their longest rally since April as investors awaited details of Prime Minister Shinzo Abe’s stimulus plans. Haven assets also climbed, as the yen and gold rallied with Australian government debt.
The Topix index rose a fourth straight day in Tokyo, building on gains at its highest level in a month amid speculation Japan could resort to so-called helicopter money. The yen, which typically moves at odds with Japanese shares, climbed a second day as gold traded back above $1,345 an ounce and 10-year Australian bonds snapped a five-day slide. Oil was around $45 a barrel after tumbling Wednesday on an unexpected increase in U.S. fuel supplies…
Asian Equity Rally Lives on With Oil at $45; Havens Extend Gains
