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Asia Stocks Rise From Six-Week Low as Weakening Yen Buoys Topix

Asian stocks rose from a six-week low as a weakening yen boosted Japanese shares and concern eased from the attacks in Paris.

The MSCI Asia Pacific Index added 1.1 percent to 131.91 at 3:53 p.m. Hong Kong time after closing Monday at the lowest since Oct. 6. Share indexes rallied in Europe and the U.S., with the Standard & Poor’s 500 Index jumping 1.5 percent and the Stoxx Europe 600 Index climbing 0.3 percent as investors returned following a selloff in the wake of Friday’s attacks in Paris. The history of terror incidents around the world over the last 15 years suggests market reactions are increasingly short-lived.

While the Asia-Pacific gauge has rallied 9.1 percent from a September low, it’s still down 4.2 percent this year and may post its first back-to-back annual declines since 2002 as investors assess the extent of China’s economic slowdown amid preparations by the Federal Reserve to raise interest rates as early as next month.

“We’re at a stage where U.S. interest rates are probably going to go up, yet the markets are fairly sanguine,” Richard Harris, chief executive officer at Port Shelter Investment Management...


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