Asian stocks near 18-month high

<p>Asian stocks have neared an 18-month high on news the G20 has refrained from censuring new Japanese policies.</p>

Asian stocks have advanced in trading today (February 18th) on news the G20 nations have decided not to disapprove of policies that have weakened the Japanese currency.

The MSCI Asia Pacific Index improved by 0.7 per cent to 133.76 in the afternoon with approximately six stocks moving up for every four that fell, reports Bloomberg.

In addition, analysts found the measure is trading close to the highest level recorded since August 2011, while financial markets in China and Taiwan reopened after the Lunar New Year.

Toyota Motor also advanced by 1.3 per cent today as the yen fell, which boosted earnings prospects for Japanese exporters.

Commenting on the results, Andrew Peace – Sydney-based chief investment strategist at Russell Investment Group – said: "What we are seeing right now is currencies are not being manipulated, but currencies are just reflecting the natural outcome of monetary policy choices being made by countries."

Find out about major individual shares and spread betting strategies at City Index.

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.