Stocks climb as China extends gains; yields fall: Markets wrap

Stocks in Asia advanced, with Chinese equities outperforming as traders awaited a raft of economic figures over the next few days for clues on the outlook for global central bank policies. An Asian equity gauge rose 0.8%, supported by gains across major indexes in the region. The Hang Seng Index extended its increase into a second day and China’s stocks outperformed, with the Hang Seng China Enterprises Index rising more than 2%.

Strategists at Goldman Sachs Group expect the yen to depreciate to levels last seen more than 30 years ago if the Bank of Japan sticks to its dovish stance. Over the next six months, the currency is projected to reach 155 per dollar — the weakest since June 1990, according to strategists led by Kamakshya Trivedi. They had previously expected the yen to trade to 135.

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