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Asian stocks rose for a second day after U.S. retail sales jumped and the Federal Reserve raised its assessment of the world’s biggest economy. Shares pared gains after Chinese Premier Wen Jiabao said home prices are still too high.
Nikkei 225 10,050.52 +151.44 +1.53%
Hang Seng 21,307.89 -31.81 -0.15%
S&P/ASX 200 4,287.18 +39.56 +0.93%
Shanghai Composite 2,391.23 -64.57 -2.63%
Toyota Motor Corp. rose 2.1 percent in Tokyo.
BHP Billiton Ltd., the world’s biggest miner, gained 1.3 percent in Sydney after metal prices advanced.
Samsung Electronics Co. climbed 2.4 percent in Seoul after saying it will supply screens for Apple Inc.’s new iPad.
Evergrande Real Estate Group Ltd., a mainland developer, fell 3.2 percent.
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