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Asian Stocks Rise With Oil as Pound Reverts to Losses; Yen Gains

  • EU leaders push U.K. to produce plan for leaving the bloc
  • BOJ’s Kuroda says funds can be added to market as needed

The relief rally endured, with Asian stocks and oil rising amid speculation policy makers will blunt the impact of the U.K.’s decision to leave the European Union with stimulus measures. Haven assets including gold and the yen advanced as the pound weakened.

The MSCI Asia Pacific Index gained the most in a week and has now recovered about 40 percent of the losses recorded since Britain’s vote on EU membership. U.S. and U.K. stock index futures rallied as crude oil climbed above $48 a barrel. Gold rose toward a two-year high, while most industrial metals retreated. The pound lost ground against all of its G-10 counterparts, after rallying from a 31-year low on Tuesday.

The U.K. vote to secede from the EU spurred a flight out...


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