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Asian stocks rose, with the regional benchmark index snapping three days of losses, after Japanese Prime Minister Shinzo Abe’s victory in upper-house election gave him a freer hand to execute economic reforms.
Nikkei 225 14,658.04 +68.13 +0.47 %
Hang Seng 21,348.84 -13.58 -0.06 %
S&P/ASX 200 5,001.9 +29.81 +0.60 %
Shanghai Composite 2,004.76 +12.11 +0.61 %
Samsung Engineering Co. rose the most on MSCI Asia Pacific Index, jumping 8.3 percent in Seoul, on speculation it will post a profit in the third quarter.
NEC Corp. added 4.2 percent in Tokyo after the Nikkei newspaper reported the computer manufacturer will form a server partnership with Hewlett-Packard Co.
Minsheng Banking Corp., China’s first non-state lender, dropped 1 percent after the central bank removed a floor on lending rates.
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