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Asian stocks rose for a second day on speculation China and Europe will do more to bolster economic growth, boosting the outlook for the region’s exporters.
Nikkei 225 8,729.29 +95.40 +1.10%
S&P/ASX 200 4,121 +47.38 +1.16%
Shanghai Composite 2,369.97 +21.67 +0.92%
LG Electronics Inc., South Korea’s electronics maker that depends on Europe for 16 percent of its sales, rose 7.6 percent.
Guangzhou R&F Properties Co. led Chinese developers higher as a leading index rose and after a report the country will bring forward infrastructure investment.
Woori Finance Holdings Co. jumped 6.5 percent in Seoul as South Korea’s top financial regulator said the government needs to cut its stake in the company.
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