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Asian stocks rose, with the region’s benchmark index headed for a six-month high, after China pledged to help resolve Europe’s debt crisis. Chipmakers outside Japan rallied after debt-laden rival Elpida Memory Inc. said it may not survive.
Nikkei 225 9,260.34 +208.27 +2.30%
Hang Seng 21,365.23 +447.40 +2.14%
S&P/ASX 200 4,253.4 +10.57 +0.25%
Shanghai Composite 2,366.7 +21.93 +0.94%
Cosco Pacific Ltd., which operates container facilities at Greece’s Piraeus port, added 4.5 percent in Hong Kong.
Samsung Electronics Co. and Hynix Semiconductor Inc. advanced as Elpida touched its lowest price in at least eight years.
Mitsubishi UFJ Financial Group Inc. advanced for a second day after the Bank of Japan expanded its bond purchases.
Westfield Group (WDC) climbed 5.3 percent in Sydney after the shopping mall operator reported a five-fold jump in profit.
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