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Asian stocks rose for the first time in three days, with the regional benchmark heading for its biggest advance in a month, after economic reports in the world’s two largest economies beat estimates and the yen traded near a 30-month low.
Nikkei 225 10,913.3 +303.66 +2.86%
Hang Seng 23,601.78 +262.02 +1.12%
S&P/ASX 200 4,771.23 +14.60 +0.31%
Shanghai Composite 2,317.07 +32.16 +1.41%
Honda Motor Co., a Japanese carmaker that gets about 44 percent of sales from North America, climbed 3.2 percent.
Industrial & Commercial Bank of China Ltd., the world’s biggest lender by market value, added 1.2 percent in Hong Kong.Rio Tinto Group, the world’s second-largest mining company, rose 2.7 percent in Sydney after chief executive officer Tom Albanese resigned without a cash windfall.
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