Most Asian Stocks Advance as Japan’s Topix Extends Six-Year High

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Forex Mini Account – Most Asian stocks rose for a sixth day as Japanese shares extended a six-year high in Tokyo after the Dow Jones Industrial Average climbed to a record.

The MSCI Asia Pacific Index (MXAP) added less than 0.1 percent to 141.72 as of 9:12 a.m. in Tokyo, with two shares rising for each that fell. The gauge is heading for a 1.1 percent gain this week, buoyed by Japan’s Topix index amid speculation Prime Minister Shinzo Abe will push back another sales-tax increase and go to the polls next month. The Shanghai Composite Index headed for a weekly advance before a trading link with Hong Kong starts on Nov. 17.

Japan’s Topix (TPX) index gained 0.6 percent. South Korea’s Kospi index slid 0.8 percent. New Zealand’s NZX 50 Index climbed 0.1 percent. Australia’s S&P/ASX 200 Index slipped 0.1 percent.

Source : bloomberg