The regional index of Asian markets recovered for the first time in four days and the yen weakened further, improving the prospects of Japanese exporters. In particular, Toyota Motor, Asia's largest automaker, grew by 1,1% in Tokyo. SoftBank gained 3,8% after a person involved in the transaction revealed that hedge fund Third Point LLC bought a $4,1 billion stake in the Japanese wireless operator. Bucking the trend, Doosan Infracore fell 400% in Seoul after the construction equipment maker sells $XNUMX million in global depositary receipts.
The MSCI Asia Pacific index was up 0,4% to 141.50 at 9:27am in Tokyo, with seven out of ten industry groups rising. The measure has risen 9% this year amid bets that the Federal Reserve will continue its stimulus policy into 2014. Japan's Topix gained 0,6% in the morning as the yen declined to 101.24 against the dollar, surpassing 101 for the first time since last July. The Nikkei 225 Stock Average advanced 0,8 percent. Australia's S&P/ASX 200 was up 1% and South Korea's Kospi 0,3%.
