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Asian stocks rose amid speculation global policy makers will join the Reserve Bank of Australia in taking steps to stimulate economic growth and after a four-day drop left the regional gauge at the cheapest level this year.
Nikkei 225 8,382 +86.37 +1.04%
S&P/ASX 200 4,043.7 +58.67 +1.47%
Shanghai Composite 2,313.22 +4.67 +0.20%
Commonwealth Bank of Australia, the nation’s biggest lender by market value, advanced 1.9 percent as the central bank cut interest rates.
Canon Inc., a Japanese camera maker whose shares fell yesterday to the lowest level since April 2009, gained 3.4 percent on a stock buyback plan.
Qantas Airways Ltd. tumbled 19 percent in Sydney to a record low after forecasting full-year profit may plunge as much as 91 percent.
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