Asian Stocks, Euro Slip On Europe Concern; Gold Declines

Asia stocks reversed losses and oil gained on speculation China will take steps to boost growth in the world’s second-largest economy. The euro traded near a 22- month low as Europe’s banks seek more financial support.

The MSCI Asia Pacific Index (MXAP) advanced 0.2 percent as of 10:56 in Tokyo. Standard & Poor’s 500 Index futures advanced 0.5 percent, while Hong Kong’s Hang Seng China Enterprises Index of mainland stocks added 0.6 percent. The euro slid 0.1 percent to $1.2525 and Australia’s currency fell 0.2 percent to 98.32 U.S. cents. Crude rose 0.4 percent in New York, while gold declined 0.4 percent.

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