Asian stocks advance amid Central Bank policy optimism

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Source: Bloomberg
Asian stocks climbed as the regional indicator showed its biggest weekly gain in 16 weeks, on optimism central banks would retain loose monetary policies in order to ensure positive economic growth. The MSCI Asia Pacific Index excluding Japan added 0.3% to 477.17, Australia's S&P/ASX 200 Index rose 0.5%, while South Korea's Kospi index slid 0.3% and Taiwan's Taiex Index lost 0.1%. Singapore's Straits Times Index advanced 0.2% and Hong Kong's Hang Seng Index fluctuated between gains and losses.
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