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Most Asian stock indices surged due to the positive U.S. housing data, following the U.S. indices. The U.S. new home sales increased 6.4% in April to a seasonally adjusted annual rate of 433,000 units. March's figure was revised up to 407,000 from 384,000. Analysts had expected a gain to 425,000.
The Japanese index Nikkei 225 has benefited from the weak yen.
Indexes on the close:
Nikkei 225 14,602.52 +140.35 +0.97%
Hang Seng 22,963.18 -2.68 -0.01%
Shanghai Composite 2,041.48 +6.91 +0.34%
Dainippon Sumitomo Pharma Co. slid 21% after the company suspended its study on an experimental drug for colorectal cancer.
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