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Asian stocks rose, with the regional benchmark index headed for its biggest gain since December as Europe’s plan to reduce borrowing costs, better-than-estimated U.S. jobs data and Chinese stimulus measures boosted the earnings outlook for Asian exporters.
Nikkei 225 8,871.65 +191.08 +2.20%
S&P/ASX 200 4,325.8 +12.91 +0.30%
Shanghai Composite 2,127.76 +75.84 +3.70%
Hutchison Whampoa Ltd., a retailer and port operator that gets 55 percent of its sales in Europe, rose 3.1 percent in Hong Kong.
China Resources Cement Holdings Ltd. jumped 12 percent in Hong Kong after the mainland government approved road projects.Toyota Motor Corp., a carmaker that depends on North America for 25 percent of its sales, added 3.4 percent.
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