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Asian stocks rose for a second day as Greece struck a deal with creditors to help Europe contain its debt crisis and slowing inflation gave Chinese authorities room to stimulate growth in the world’s second largest economy.
Nikkei 225 9,929.74 +160.78 +1.65%
Hang Seng 21,086 +185.27 +0.89%
S&P/ASX 200 4,211.99 +40.95 +0.98%
Shanghai Composite 2,439.46 +19.19 +0.79%
Sony Corp., which depends on Europe for a fifth of its sales, rose 4.3 percent.
Guangzhou R&F Properties Company Ltd. led Chinese developers higher on speculation China may ease curbs on bank lending. Newcrest Mining Ltd. advanced 4.2 percent in Sydney after metal prices gained.
Lynas Corp. jumped 9.3 percent even after a local group filed an appeal to block the company’s rare-earths refinery project in Malaysia.
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