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Asian stocks rose, with the regional gauge poised to end a six-day losing streak, as faster-than- estimated economic growth in Japan and optimism the Federal Reserve will do more to stimulate the U.S. economy outweighed concern Greece’s debt crisis is worsening.
Nikkei 225 8,876.59 +75.42 +0.86%
S&P/ASX 200 4,157.4 -8.13 -0.20%
Shanghai Composite 2,378.89 +32.69 +1.39%
Li & Fung Ltd., a supplier for Wal-Mart Stores Inc., rose 1.7 percent.
Korea Gas Corp. jumped 6.4 percent in Seoul after a report it discovered gas in Mozambique.
Toshiba Corp., the maker of Regza brand televisions, gained 5.6 percent in Tokyo after saying it will stop television production in Japan.
Toll Holdings Ltd., an Australian trucking company, slid 6.8 percent, extending yesterday’s losses after forecasting lower full-year profit.
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