More than two shares fell on the Topix for every one that gained. The index rallied 43 percent from Nov. 14, when elections were announced that brought Abe to power on a platform of increased stimulus and central bank easing.
The MSCI Asia Pacific Index rose 4.8 percent this quarter. The Shanghai Composite Index slid 1.4 percent in the past three months and was little changed today after earlier rising as much as 0.5 percent.
Malaysia’s ringgit strengthened 0.7 percent this week and 0.2 percent today to 3.0900 per dollar. It was the best five-day performance since the period ended Jan. 11.
The yuan touched a 19-year high, extending its gains for the quarter after the central bank raised the reference rate to the strongest level in more than 10 months. The People’s Bank of China increased the daily fixing by 0.08 percent to 6.2689 per dollar, the highest since May 2, 2012.
The Istanbul Stock Exchange National 100 Index rose 0.5 percent at 11:55 a.m. in Istanbul, extending this quarter’s advance to 9.6 percent, after a report showed Turkey’s trade deficit was less than economists estimated. S&P raised the country’s debt rating to BB+, one step below investment graph, on March 27.
The Micex Index of stocks was little changed today, leaving the gauge 2.8 percent lower this year. Shares slumped in the first quarter on concern Cyprus’s debt crisis may wipe out as much as $60 billion in Russian deposits and loans.
Gold for immediate delivery was little changed at $1,599.18 an ounce. Prices have lost 4.6 percent this quarter, following a 5.5 percent slump in the three months through December, the first back-to-back losses since 2001.
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