Asian stocks rose, tracking gains on Wall Street as investors pared bets on a Federal Reserve interest-rate hike this month. The yen held its biggest advance in more than a month.
MSCI’s Asia Pacific equities gauge climbed 0.3%, led by South Korea’s benchmark after Fed Governor Christopher Waller said he would support keeping rates steady if price pressures continued to ease. The comments earlier spurred a rally that helped the S&P 500 Index post its best session in a month, while the Nasdaq 100 Index climbed 1.2%.
