Feb
14
Japan Leads Asian Stock Rebound as Yen, Gold Fall; Oil Near $29
By-
Chinese shares drop and yuan jumps after week-long break
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S&P 500 futures advance with Australian and Korean equities
Asian stocks rebounded from a three-year low, led by Japanese shares, amid speculation losses that pushed global equities into a bear market were excessive. The yen dropped with gold as haven assets fell out of favor, while China’s yuan jumped by the most since a dollar peg ended in 2005.
Japan’s Topix index surged more than 5 percent, halting a three-day slide as the yen extended a retreat that took root late on Friday. The Shanghai Composite Index declined as trading resumed after a week-long holiday in China. U.S. crude slipped to about $29 a barrel after a 12 percent surge on Friday burnished investor sentiment…
Japan Leads Asian Stock Rebound as Yen, Gold Fall; Oil Near $29
