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Asian stocks gained as a rebound in financial shares tempered declines at industrial and raw- material companies. China’s once-in-a-decade meeting to choose new leaders draws to a close today.
Nikkei 225 8,664.73 +3.68 +0.04%
S&P/ASX 200 4,388.37 +8.56 +0.20%
Shanghai Composite 2,055.42 +7.53 +0.37%
Sharp Corp. surged 7.2 percent as Kyodo News reported Intel Corp. may invest as much as 40 billion yen ($500 million) in the Japanese TV maker.
Iluka Resources Ltd. fell 6.4 percent in Sydney after Goldman Sachs Group Inc. advised selling shares of the world’s biggest zircon producer, citing lower mineral sands prices.
China Construction Bank Corp. rose 2.3 percent in Hong Kong as the Financial News reported the nation’s second-largest lender by assets said it can keep non-performing loans under control even as economic growth slows.
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