Asian stocks rose, with a regional benchmark index poised for its longest streak of weekly advances in a year, as lower Italian and Spanish borrowing costs added to optimism Europe’s debt crisis may be contained.
Nikkei 225 8,500 +114.43 +1.36%
Hang Seng 19,177 +81.39 +0.43%
S&P/ASX 200 4,196 +14.89 +0.36%
Shanghai Composite 2,245 -30.43 -1.34%
Canon Inc. (7751), a camera maker that gets a third of its sales in Europe, climbed 3.1 percent in Tokyo. JGC Corp. (1963), Japan’s biggest building of industrial facilities by sales, jumped 3.9 percent after its venture won a $15 billion contract to build a liquefied natural gas facility in Australia. Belle International Holdings Ltd., China’s biggest shoe retailer, plunged 7.6 percent after reporting slower sales growth.
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