Most Asian Stock Markets Climb as Oil Lifts Energy Producers
- Crude oil advances as U.S. stockpiles seen declining
- Japan’s Topix index drops as yen strengthens against dollar
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Most Asian stock markets climbed, led by gains among energy producers as crude prices advanced, while a stronger yen weighed on Japanese shares.
The MSCI Asia Pacific Index climbed 0.3 percent to 128.82 as of 4:10 p.m. in Hong Kong. Benchmark gauges rose in Hong Kong, Australia, South Korea and Taiwan. Japan’s Topix index slipped 0.7 percent, extending a two-day slide. Energy posted the largest gains among the 10 groups on the regional index as BHP Billiton Ltd. and China Petroleum & Chemical Corp. climbed more than 1.8 percent.