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Asian stocks rose for a third day as signs of strength in the world’s two biggest economies, the U.S. and China, bolstered confidence in the global recovery. Japanese shares fell as the yen’s appreciation damped the earnings outlook for the country’s exporters.
Nikkei 225 10,050.39 -59.48 -0.59%
Hang Seng 20,790.98 +268.72 +1.31%
S&P/ASX 200 4,337.04 +7.76 +0.18%
Shanghai Composite Closed
Billabong International Ltd., a surfwear maker that gets about half of its sales in the Americas, advanced 0.7 percent in Sydney after the Institute for Supply Management’s U.S. factory index rose more than forecast.
Tencent Holdings Ltd., China’s biggest Internet company, advanced 2.4 percent after a gauge of mainland service companies rose to a six-month high.
Honda Motor Co. and other Japanese exporters fell after the yen rose to a three-week high against the dollar.
PT Bank Danamon Indonesia surged 41 percent on a buyout offer.
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