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Asian stocks rose, with the benchmark index poised to snap six days of losses, on speculation policy makers will do more to support growth after China reported the slowest expansion in three years, South Korea cut its outlook and Singapore said its economy shrank.
Nikkei 225 8,724.12 +4.11 +0.05%
Hang Seng 19,092.63 +67.52 +0.35%
S&P/ASX 200 4,082.25 +14.28 +0.35%
Shanghai Composite 2,185.9 +0.40 +0.02%
Hyundai Motor Co., South Korea’s biggest carmaker, rose 3.4 percent after workers agreed to resume wage negotiations, averting a threatened a strike.
Belle International Holdings Ltd., a women’s shoe retailer that gets most of its revenue from China, climbed 3.8 percent in Hong Kong after reporting sales jumped.
Dentsu Inc., a Japanese advertising company, sank 7 percent after agreeing to buy Britain’s Aegis Group Plc.
Chinese airlines rose after the Shanghai Daily reported the government may set up investment companies to buy airline stakes
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