Asian stocks ascended on sixth day as Samsung Electronics Co. shares leaped following its quarterly profit surpassed predictions and traders anticipated Bank of Japan’s monetary policy decision.
The MSCI Asia Pacific Index climbed 0.2% to 129.23 in Tokyo. Samsung surged 3.8% on better than expected profit in the third quarter, as the weaker Korean won bolstered component revenue and dampened the effect of price reductions on Galaxy smartphones.
Also, Japan’s Topix index gained 0.2%, while South Korea’s Kospi index added 0.4%. Chinese markets are still closed for a holiday, while Hong Kong is yet to resume trading.
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