Asian stocks rose to their highest in more than a month on Tuesday, Reuters reported. MSCI's broadest index of Asia-Pacific shares outside Japan built on early gains and advanced 0.3% to 602.2, the strongest since Feb. 24. The benchmark has lost 4% so far this year, dragged by big declines in Chinese shares. European stocks were headed lower as EUROSTOXX 50 futures eased 0.1% and FTSE futures dipped 0.2%. S&P 500 stock futures shed 0.08% and Nasdaq futures slipped 0.05% after Wall Street rose on Monday, supported by tech shares. Japan's Nikkei edged up 0.16%, the S&P/ASX 200 index rose 0.2%, while South Korean stocks added 0.1%. In the currency markets, the Australian dollar jumped to a nine-month high. The Aussie strengthened 0.9% to $0.7612, its strongest since late June. The euro was steady at $1.09710 after dropping as low as $1.0960 in the previous session for the first time since March 28. Brent crude futures gained 1.1% to $108.7 a barrel, while U.S. West Texas Intermediate futures also rose.
