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Asian stocks rose amid speculation China will do more to boost growth in the world’s second-largest economy, tempering concern about Europe’s debt crisis.
Nikkei 225 8,657.08 +63.93 +0.74%
S&P/ASX 200 4,114.4 +46.37 +1.14%
Shanghai Composite 2,390.68 +29.31 +1.24%
Chinese automakers Geely Automobile Holdings Ltd. and Dongfeng Motor Group Co. rose at least 2.4 percent after BNP Paribas SA said they may benefit from government subsidies.
Komatsu Ltd., a Japanese construction machinery maker that gets 14 percent of sales from China, gained 3.2 percent.
Shui On Land Ltd. jumped 7 percent in Hong Kong after the developer controlled by billionaire Vincent Lo said it plans to spin off its Xintiandi entertainment complex unit.
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