March 26 (Bloomberg) -- Asian stocks climbed, with the region’s benchmark index set for its best month since 1998, on better-than-expected U.S. economic reports and earnings from Hutchison Whampoa Ltd.
“The stock market has entered a path to recovery,” said Yoshihiro Ito, senior strategist at Tokyo-based Okasan Asset Management Co., which oversees about $9.3 billion. “The better- than-expected U.S. indicators signal the bottoming out of the global economy. Excessive fear of the financial crisis is easing thanks to governments’ policy implementations.”
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