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Asian stocks rose, with the regional benchmark index heading for its first advance in four days and paring its loss for the month, after U.S. home prices increased and South Korea’s industrial production expanded.
Nikkei 225 8,928.29 +86.31 +0.98%
S&P/ASX 200 4,517 +31.31 +0.70%
Shanghai Composite 2,068.88 +6.53 +0.32%
Canon Inc., a Japanese camera maker that gets 27 percent of its sales in the Americas, gained 1.5 percent.
Fuji Heavy Industries Ltd. surged 6.7 percent after the maker of Subaru cars raised its profit forecast.
Industrial & Commercial Bank of China Ltd. paced gains among mainland lenders listed in Hong Kong after earnings at the world’s largest bank by market value beat analyst estimates.
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