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Markets

Most Asian stocks climb as global rally strengthens

Japan's Nikkei Stock Average at 6-month high and pan-Asia index erases losses for year

(Photo by Arisa Moriyama)

HONG KONG -- Most Asian stocks climbed on Thursday as the global equities rally gained momentum on fresh signs of U.S. economic recovery, shrugging off a resurgence of the coronavirus in several countries.

Japan's Nikkei Stock Average surged to its highest level since February and the MSCI All Asia Index is set to wipe out all losses for the year. The Nikkei stock average was up 2% while China's CSI 300 index of the largest Shanghai- and Shenzhen-listed stocks dropped 0.3% and Hong Kong's Hang Seng index fell 0.1%. South Korea advanced 1.8%, India's Sensex rose 0.4% and Taiwan gained 0.5%

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