June 2 (Bloomberg) -- Most Asian stocks rose, led by gains in Japan after the countryââ¬â¢s prime minister resigned. Commodity companies fell amid concern the BP Plc oil disaster will prompt stricter regulations on oil companies. Toyota Motor Corp., the worldââ¬â¢s largest carmaker, advanced 0.9 percent in Tokyo as Yukio Hatoyamaââ¬â¢s resignation prompted a drop in the yen that boosted the earnings outlook for exporters
Markets, as you can now see, are siow! Down, depressed, dying. Now, Asian stocks have jumped the most in six months! Nikkei up 3+%! MSCI Asia Pacific Index advanced 2.7 percent. Oil for July delivery climbed 1.1 percent to US$73.68 a barrel. And what did Yoshihiro Ito, a senior strategist at Okasan Asset Management Co., say? ââ¬ÅTechnical indicators show that the recent declines are excessive and investors are hunting for bargains.ââ¬Â