Asian Stocks Buoyed by China Stimulus

Asian Stocks Buoyed by China Stimulus as Crude Climbs Above $34 Asian stocks rallied, emerging-market currencies strengthened and crude oil climbed to an eight-week high as monetary stimulus in China brightened prospects for the world’s second-largest economy. European equity futures declined. Benchmark share indexes advanced across most of Asia after the People’s Bank of China cut lenders’ reserve requirements, freeing up funds to help spur lending in the nation. The yuan gained for the first time in eight days and higher oil prices buoyed Malaysia’s ringgit. Copper retreated after a…