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Asian stocks rose, snapping a four-day drop on the regional equities benchmark, as Japanese shares were boosted by the yen weakening against the dollar and Commonwealth Bank of Australia posted a surge in profit.
Nikkei 225 14,337.31 +111.94 +0.79%
S&P/ASX 200 5,433.8 +1.84 +0.03%
Shanghai Composite 2,140.89 -16.35 -0.76%
Canon Inc. gained 0.8 percent as the yen dropped, boosting the outlook for earnings at Japanese exporters.
Commonwealth Bank, Australia’s largest lender by market value, climbed 1.3 percent to a record after saying first-quarter cash profit jumped 14 percent on lower bad-debt charges.
HTC Corp. rose 3.9 percent after analysts said the smartphone maker’s fourth-quarter forecast was better than estimated.
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