Asian Stocks Extend Global Rally on Policy Outlook as Won Jumps - Bloomberg

Asian stocks continued where the U.S. left off, heading for their longest run of gains since April as the prospect global monetary policy will remain accommodative for longer bolsters equities around the world.

The regional stock gauge was on track for its steepest five-day climb since 2011 as global shares solidified their rebound from a quarter characterized by gyrating markets and uneasiness over the world economy. The dollar maintained losses against major peers, and slid versus South Korea’s won amid mounting speculation the Federal Reserve will hold off on raising interest rates until 2016. U.S. oil held above $46 a barrel.

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