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Asian stocks rose for a third day amid optimism policy makers from China to the U.S. will do more to support the world’s largest economies amid a slowdown that prompted the International Monetary Fund to cut its forecast for global growth.
Nikkei 225 8,755 +30.88 +0.35%
Hang Seng 19,460.48 +339.14 +1.77%
S&P/ASX 200 4,140.8 +35.70 +0.87%
Shanghai Composite 2,161.19 +13.23 +0.62%
China Railway Group Ltd. rose 4.4 percent in Hong Kong after the government said it will boost spending on rail lines.
Fraser & Neave Ltd. jumped 4.4 percent in Singapore after Oversea-Chinese Banking Corp. and its insurance unit received an offer for their stake in the beverage maker.
JX Holdings Inc sank 6 percent in Tokyo after saying it will shut of one of its refineries after finding falsified safety reports.
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