Asian stocks rallied, with the regional index headed for its biggest quarterly advance since 2012 amid optimism over global economic stimulus. The dollar maintained gains, while crude oil extended losses into a third day.The MSCI Asia Pacific Index snapped a three-day drop, rising 0.5 per cent by 9.58am in Tokyo to be set for a 6.8 per cent advance over the past three months. Standard & Poor's 500 Index futures added 0.1 per cent following a second day of gains in the US gauge.
Japanese and Australian indexes jumped more than 0.7 per cent, with the yen and Australia's dollar near one-week lows. The South Korean won weakened 0.3 per cent. US oil slid 0.9 per cent, while gold held two days of declines.
Global equities have climbed almost 3 per cent this year as central banks from Europe to Asia bolster stimulus to address slowing growth. China announced measures aimed at stemming a property slump Monday after central bank Governor Zhou Xiaochuan said more can be done to support the economy.
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