Asian stocks and bonds rose tracking a rally on Wall Street as a pullback in oil prices eased inflation concerns. The yen was mostly steady ahead of the Bank of Japan’s interest-rate decision, with traders expecting a hike.
MSCI’s regional equities gauge advanced 0.3% with South Korea’s Kospi index leading gains. That came after the S&P 500 Index rose 1.1% on Thursday, its biggest advance since early August. The tech-heavy Nasdaq 100 Index climbed 1.7%, while a key gauge of chipmakers jumped 3.1% as US stocks rebounded from losses triggered by the Federal Reserve’s first rate hike since 2023.
