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Asian stocks rose, with the regional benchmark index headed for its biggest gain in a week, as Japan’s largest lenders jumped on speculation a recent share rally will boost profit. Australia’s market climbed after a holiday and Korean shares rebounded from yesterday’s loss.
Nikkei 225 10,866.72 +42.41 +0.39%
Hang Seng 23,655.17 -16.71 -0.07%
S&P/ASX 200 4,888.98 +53.80 +1.11%
Shanghai Composite 2,358.98 +12.47 +0.53%
Mitsubishi UFJ Financial Group Inc., Japan’s biggest bank, rose 3.8 percent in Tokyo. Samsung C&T Corp. gained 6.8 percent in Seoul after the construction and trading company’s operating profit beat estimates.
Industrial & Commercial Bank of China Ltd., the world’s largest lender by market value, slid 1.9 percent in Hong Kong after a term sheet showed Goldman Sachs Group Inc. is seeking to sell a $1 billion stake in the company.
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