Bloomberg News

Asian Stocks Pare Loss as Wen Comments Spur Bets on China Easing

October 26, 2011

Oct. 26 (Bloomberg) -- Asian stocks pared earlier losses as speculation China may begin easing monetary policy tempered uncertainty about the outcome of European debt-crisis talks.

The MSCI Asia Pacific Index fell 0.1 percent to 119.25 as of 1:24 p.m. in Tokyo, after falling as much as 1.1 percent.

“If China’s premier now sounds more dovish and is likely to do some sort of easing, that will add to confidence China will avoid hard landing,” said Shane Oliver, Sydney-based head of investment strategy at AMP Capital Investors Ltd., which has almost $100 billion under management. “That’s exactly what investors wanted to hear.”

--With assistance from Toshiro Hasegawa in Tokyo. Editor: Nick Gentle

To contact the reporter on this story: Yoshiaki Nohara in Tokyo at ynohara1@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net


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