Asian stocks rally as yen weakens

Asian stocks rose with the regional benchmark near the highest in two weeks as the yen`s value dropped against majors, giving exporters the chance to see better earnings.

The Japanese yen dropped 0.4% versus the U.S. dollar, closet the weakest since July 24.

The MSCI Asia Pacific Index added 1.2% in Tokyo, rising a fourth day and heading to the highest closing since August 19.

Standard & Poor’s 500 Index (SPA) futures rose 0.9% from August 30 with U.S. markets resuming Tuesday after a holiday. The Australia dollar strengthened and the nation’s bonds fell for the second day, while South Korea’s won led gains in emerging markets currencies.