Asian stocks extended gains at levels last seen at the start of the year as crude oil maintained its rally, while bonds in the region declined after a run of data burnished optimism over the US economy.The benchmark gauge for Asian equities rose a third day, with Japan's Topix index extending its advance at the highest level since Feb 8 as the yen failed to build on Wednesday's rebound.
US crude clung to its rally, trading at US$34.67 a barrel amid declines in American oil production. Malaysia's ringgit jumped with the Korean won.
Yields on Australian government debt due in a decade rose to a two-week high as rates on similar-maturity Korean notes climbed.
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