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Asian stocks rose, with Japan’s Nikkei 225 Stock Average closing at the highest in four years, as Toyota Motor Corp. raised its profit forecast and the yen weakened, boosting the earnings outlook for exporters.
Nikkei 225 11,463.75 +416.83 +3.77%
Hang Seng 23,256.93 +108.40 +0.47%
S&P/ASX 200 4,920.95 +38.23 +0.78%
Shanghai Composite 2,434.48 +1.35 +0.06%
Toyota, the world’s largest carmaker, jumped 6.1 percent after increasing its profit forecast to a five-year high.
Mizuho Financial Group Inc. paced gains among lenders as the yen traded near the weakest level in almost three years on speculation Japan will hasten the selection of a new central bank chief who will take further steps to end deflation.
Galaxy Entertainment Group Ltd. led Macau casinos lower as the U.K.’s Times newspaper said China will crack down on junket operators.
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