Stocks advanced across most of the region, putting an Asia equity gauge on course to snap a two-day losing streak. Shares fluctuated in Hong Kong and on the mainland after an index of US-listed Chinese stocks earlier jumped by the most in almost two weeks.
The yen held a small advance after the government officially nominated Kazuo Ueda as the next Bank of Japan governor. Bets have increased recently that the BOJ’sFutures on 10-year bonds edged higher while the benchmark debt targeted by the BOJ was untraded on Tuesday. Earlier, data showed Japan’s economyin the three months through to December, while consumption recovered, business spending contracted and inventories dragged down on the economy.
A gauge of greenback strength and 10-year US Treasury yields were both little changed. The New Zealand dollar extended a decline after two-year inflation expectations eased.