Asian equities rose, leaving the regional benchmark on track for its best quarterly gain in 17 years as technology stocks rallied. The yen weakened to a four-decade low against the dollar.
Stocks in Japan and South Korea rose, lifting the MSCI Asia Pacific Index by 0.5%. The regional gauge had gained 20% heading into the final trading day of the quarter. Asian markets took their cue from Wall Street, where a rally in chipmakers drove the S&P 500 up 1.2% and the Nasdaq 100 nearly twice as much on Monday.
