May
28
Asian Stocks Pare Monthly Loss as Yen Rises; China Shares Swing
ByAsian stocks rallied, trimming their first monthly drop this year, as the yen rebounded from a 12-year low and oil rose. Chinese shares swung between gains and losses after plunging on record turnover on Thursday.
The MSCI Asia Pacific Index climbed for the first time in four days, adding 0.5 percent by 12:23 p.m. in Hong Kong. It is down 0.9 percent this month. The Shanghai Composite index gyrated, after a 6.5 percent slump the previous day. U.S. index futures were little changed. Japan’s currency strengthened 0.2 percent, paring its loss this month to 3.5 percent. Oil increased 1.2 percent, while copper rose 0.5 percent…
Asian Stocks Pare Monthly Loss as Yen Rises; China Shares Swing
