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Asian stocks rose, snapping a four- day decline, as speculation the U.S. housing market is bottoming and China may step up economic stimulus tempered concern that the 19th summit on Europe’s debt crisis in three years won’t result in progress toward a resolution.
Nikkei 225 8,730.49 +66.50 +0.77%
S&P/ASX 200 4,043.2 +29.90 +0.74%
Shanghai Composite 2,214.84 -7.22 -0.33%
China Overseas Land & Investment Ltd., the biggest Chinese developer by market value listed in Hong Kong, climbed 3.8 percent.
Techtronic Industries Ltd., which makes 72 percent of its sales in North America, gained 2.6 percent in Hong Kong.
Oracle Corp. Japan climbed the most in three months in Tokyo as its profit forecast topped estimates.
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