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Most Asian stocks rose, with the regional benchmark index climbing from its lowest level in more than two months, as materials producers and traders increased on higher commodity prices and Citigroup Inc. recommended buying global industrial shares.
Nikkei 225 9,524.79 +66.05 +0.70%
Hang Seng 20,281.37 +140.70 +0.70%
S&P/ASX 200 4,280.64 +34.52 +0.81%
Shanghai Composite 2,350.86 +41.94 +1.82%
Alumina Ltd., partner in the world’s biggest producer of the material used to make alumina, added 1.1 percent in Sydney after Alcoa Inc., the largest U.S. aluminum producer, reported an unexpected first-quarter profit. Fanuc Corp., a maker of production automation systems, advanced 1.6 percent after Citigroup maintained a buy rating on the Japanese company. Australian banks increased after the country’s payrolls rose almost seven times as much as economists estimated.
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