A bull wearing a garland during a ceremony marking the first day of trading of the year at the Korea Exchange in Seoul, South Korea, Jan 2, 2023. (Bloomberg photo)
Asia’s benchmark stock index was on track to enter a bull market, as China’s reopening and a weakening dollar lure investors back to the region.
The MSCI Asia Pacific Index climbed as much as 1.9% on Monday, taking its advance from an Oct 24 low to more than 20%. Gauges in Hong Kong, Taiwan and South Korea led gains in the session, while Japan was closed for a holiday.
Strategists have predicted a better year for Asian equities after a dismal 2022, especially as stocks in China, which carry the second-highest weighting in the regional gauge after Japan, turned a…
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