Japanese shares climb to three-decade high as yuan rises

Sydney — Japanese shares hit highs not seen since 1990 on Monday as strong earnings and offshore demand fuelled a three-week winning streak, while the yuan was nudged higher by China’s central bank. Japan’s Nikkei was back to steady after finally breaking its September peak, and is up 8.8% for the month so far, with the Topix not far behind. Financial shares led the gains on Monday as investors prepare for an eventual end to negative rates, while carmakers have been benefiting from a weak yen and high exports. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1%, having climbed 2.8% last week to a two-month high. The Black Friday sales will test the pulse of the consumer-driven…