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Asian stocks rose, heading for their highest close since August 2011, as the U.S. House of Representatives passed legislation averting some of $600 billion in automatic tax increases and spending cuts.
Nikkei 225 Closed
S&P/ASX 200 4,705.94 +56.99 +1.23%
Shanghai Composite Closed
Australian gold producer Newcrest Mining Ltd. added 3.6 percent as the precious metal climbed.
BHP Billiton Ltd., the world’s biggest mining company, advanced 2 percent in Sydney, leading gains among raw-material producers, after China’s manufacturing expanded for a third month.Techtronic Industries Co., a maker of power tools that counts North America as its biggest market, gained 3.6 percent in Hong Kong as the Hang Seng Index headed for its best first session of the year since 2009.
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