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Asian stocks rose, with the regional benchmark index heading for its second day of gains, as the Bank of Japan pledged to maintain economic stimulus and the International Monetary Fund raised its global growth forecast.
Nikkei 225 15,820.96 +25.00 +0.16%
S&P/ASX 200 5,319.77 -11.70 -0.22%
Shanghai Composite 2,051.75 +43.44 +2.16%
Tokyo Steel Manufacturing Co. jumped 5 percent after returning to profit.
TDK Corp. advanced 6.3 percent after Nomura Holdings Inc. raised its price target on shares of the electronic-component maker.
Newcrest Mining Ltd., Australia’s largest gold producer, slipped 3.1 percent as the bullion’s price traded near a two-week low.
MGM China Holdings Ltd. slumped 7.3 percent, leading declines among Macau casinos in Hong Kong as JPMorgan Chase & Co. cut its rating on the stock.
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