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Asian stocks rose, with the regional benchmark index heading for its first advance in five days, as Japanese exporters gained after the yen weakened, offsetting a bigger-than-estimated decline in Japanese factory output.
Nikkei 225 13,869.82 +208.69 +1.53%
Hang Seng 21,953.5 +103.35 +0.47%
S&P/ASX 200 5,047.24 +0.91 +0.02%
Shanghai Composite 1,990.06 +13.76 +0.70%
Toyota Motor Corp. climbed 2.9 percent in Tokyo as the yen’s weakness boosted the outlook for export income.
Daiwa Securities Group Inc., Japan’s second-largest brokerage, rose 3.3 percent after posting earnings that beat analyst estimates.
Jiangxi Copper Co., China’s biggest producer of the metal, dropped 3.5 percent in Hong Kong after copper futures declined.
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