The Star Early Edition - - MARKETS -

STOCKS rose for a fifth day yes­ter­day as the yen weak­ened amid signs pol­i­cy­mak­ers in China and Ja­pan will do more to support eco­nomic growth.

Almost two shares rose for each that fell on the MSCI Asia Pa­cific in­dex, which added 0.2 per­cent to 141.65 points as of 4.05pm in Hong Kong. Ja­pan’s Topix jumped to a six-year high amid spec­u­la­tion Prime Min­is­ter Shinzo Abe will go to the polls next month and de­lay the im­ple­men­ta­tion of another sales tax hike. The Peo­ple’s Bank of China is ask­ing se­lected lenders to ap­ply for cash to support loans to smaller en­ter­prises, ac­cord­ing to an of­fi­cial with knowl­edge of the mat­ter.

Nis­san Mo­tor, which gets 78 per­cent of its rev­enue over­seas, added 1.1 per­cent. China Taip­ing In­surance Hold­ings surged 11 per­cent in Hong Kong after re­port­ing higher in­surance pre­mi­ums.

South Korea’s Kospi in­dex slid 0.3 per­cent. The coun­try’s cen­tral bank kept its key in­ter­est rate un­changed at a fouryear low. – Bloomberg

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