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Asian stocks rose, with a regional index excluding Japan heading for its highest close in 16 months, ahead of a Federal Reserve policy meeting and as investors await progress on U.S. budget talks.
Nikkei 225 9,525.32 -8.43 -0.09%
Hang Seng 22,323.94 +47.22 +0.21%
S&P/ASX 200 4,576 +18.06 +0.40%
Shanghai Composite 2,074.7 -9.07 -0.44%
BHP Billiton Ltd., the world’s biggest mining company, added 1.3 percent in Sydney after metal prices rose.
STX Offshore & Shipbuilding Co. jumped 7.2 percent in Seoul after a report the shipbuilder’s parent was to selling a unit that makes offshore vessels.Kansai Electric Power Co. led Japanese utilities lower after regulators said an active earthquake fault may be running under a nuclear reactor.
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