Asian stocks advance on China rate cut
26 October 2015, Nirapad News: Asian stocks on Monday were close to wiping out all their losses since China’s shock currency devaluation in August, as global equities rallied after the Chinese central bank cut rates and US tech giants provided upbeat earnings guidance. MSCI’s index of Asia-Pacific shares outside Japan rose 0.5 per cent to hit its highest since Aug. 12, led by 1.2 per cent gains in Honk Kong. Japan’s Nikkei rose 1.1 per cent to a two-month high. Mainland Chinese shares rose on Monday, according to Reuters.