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Asian stocks rebounded from its longest losing streak since May, after weaker-than-anticipated U.S. data triggered a delay in investor expectations for an American interest-rate increase, spurring a rally in risk assets.

The MSCI Asia Pacific Index rose 0.2 percent to 136.82 as of 9:05 a.m. in Tokyo, halting a six-day run of declines and paring this week’s loss to 2.5 percent. Reports Thursday showed U.S. industrial production contracted more than forecast, while retail sales unexpectedly slid, sending the odds for a rate increase from the Federal Reserve next week to below 20 percent. About $2 trillion was erased from the value of global equity markets in the past week amid concern central banks are reluctant to boost stimulus even as the global economy sputters.

Today’s rebound in the S&P 500 Index highlights what’s lately been a missing ingredient for investors -- gains in a pair of industries whose fortunes are tied to the economy and politics.

For all the blame lobbed at the Federal Reserve, an inconvenient truth for bulls is that the stocks hampering an advance in the U.S. market since it last reached a record are the consumer and health-care stocks that led the seven-year bull market.

The S&P 500 erased an early decline after slipping near its average price during the past 100 days, a level that has served as a floor since Friday’s selloff. The Dow Jones Industrial Average added 177.71 points, or 1 percent, to 18,212.48.