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Asian stocks rose for a second day after a North Korean rocket launch failed minutes after liftoff and China’s bank lending surged. Shares pared gains after the Chinese economy grew less than estimated.
Nikkei 225 9,637.99 +113.20 +1.19%
Hang Seng 20,701.04 +373.72 +1.84%
S&P/ASX 200 4,323.31 +42.67 +1.00%
Shanghai Composite 2,359.16 +8.30 +0.35%
Fanuc Corp., a Japanese supplier of automation equipment to mainland factories, trimmed gains after China said its economy grew at the slowest pace since 2009.
Li & Fung Ltd., a supplier to Wal-Mart Stores Inc., rose 1.9 percent in Hong Kong after Federal Reserve policy makers signaled U.S. interest rates will stay low.
Victek Co. led declines among South Korean defense contractors after a North Korean rocket launched in defiance of international pressure broke up and fell into the sea.
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