Australian stocks rally as Rupiah forwards to gold climb
Bareksa • 21 Mar 2014
File photo of picture illustration of Chinese 100 yuan banknotes in Beijing (REUTERS/Jason Lee)
The MSCI Asia Pacific Index is down 1.7 percent
Bloomberg - Asian stocks and emerging-market currencies may claw back some of their declines in the week, with index futures and forward contracts indicating rebounds after yesterday’s losses. Gold snapped a four-day slump and silver rallied while crude oil extended declines.
Australia’s S&P/ASX 200 Index rose 0.3 percent from an almost six-week low by 10:56 a.m. in Sydney after futures on South Korea’s Kospi Index and the Hang Seng gauge in Hong Kong climbed at least 0.1 percent. Standard & Poor’s 500 Index futures lost 0.1 percent.