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Asian stocks rose, with the benchmark index set to enter a bull market, after U.S. consumer confidence beat expectations, and as factory output in Japan and South Korea gained, boosting optimism global demand will grow.
Nikkei 225 9,723.24 +0.72 +0.01%
Hang Seng 21,680.08 +111.35 +0.52%
S&P/ASX 200 4,298.55 +35.81 +0.84%
Shanghai Composite 2,428.49 -23.37 -0.95%
Yue Yuen Industrial Holdings Ltd., which makes shoes for Nike Inc., gained 1.4 percent in Hong Kong.
Hynix Semiconductor Inc., a South Korean chipmaker, gained 1.2 percent, rising for a second day in Seoul after Japan’s Elpida Memory Inc. filed for bankruptcy. Elpida tumbled 97 percent.
Harvey Norman Holdings Ltd., Australia’s largest electrical goods retailer, lost 4.2 percent in Sydney after its first-half earnings fell.
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