Asian currencies gained on speculation China’s faltering economy will prompt policy makers to unveil more measures to shore up growth, buoying appetite for riskier assets. Malaysia’s ringgit and South Korea’s won advanced for a second day after Premier Wen Jiabao said the momentum for a recovery in China isn’t yet in place and the government needs to assess and recognize the problems, Xinhua News Agency reported yesterday. Asian stocks rose before Federal Reserve Chairman Ben S. Bernanke presents his semi-annual report on the U.S. economic outlook to Congress this week. Asian currencies gained on speculation China’s faltering economy will prompt policy makers to unveil more measures to shore up growth, buoying appetite for riskier assets. Malaysia’s ringgit and South Korea’s won advanced for a second day after Premier Wen Jiabao said the momentum for a recovery in China isn’t yet in place and the government needs to assess and recognize the problems, Xinhua News Agency reported yesterday. Asian stocks rose before Federal Reserve Chairman Ben S. Bernanke presents his semi-annual report on the U.S. economic outlook to Congress this week.

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