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Asian stocks outside Japan climbed as Samsung Electronics Co. rebounded from a one-month low. The Nikkei 225 Stock Average dropped for a second day as the yen gained after the Bank of Japan said it will wait until next year to start open-ended asset purchases in pursuit of a 2 percent inflation target.
Nikkei 225 10,709.93 -37.81 -0.35%
Hang Seng 23,658.99 +68.08 +0.29%
S&P/ASX 200 4,779.08 +1.58 +0.03%
Shanghai Composite 2,315.14 -13.08 -0.56%
Samsung Electronics, the first South Korean company to be worth more than $200 billion, rose 1.8 percent, erasing yesterday’s decline to the lowest since Dec. 21.
China Merchants Holdings International Ltd., a container port operator, jumped 9.4 percent after a report that the government of Shenzhen is reviewing the use of land the company co-owns.Honda Motor Co., a Japanese carmaker that gets about 81 percent of sales overseas, dropped 2.3 percent as a stronger yen weighed on the outlook for export earnings.
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