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Asian stocks rose, with the regional benchmark index near an 18-month high, as Japanese shares rallied after the Group of 20 nations refrained from censuring the nation’s policies that have weakened the yen.
Nikkei 225 11,407.87 +234.04 +2.09%
Hang Seng 23,381.94 -62.62 -0.27%
S&P/ASX 200 5,063.42 +29.50 +0.59%
Shanghai Composite 2,421.56 -10.84 -0.45%
Toyota Motor Corp., the world’s biggest carmaker, rose 1.3 percent as the yen fell, boosting the earnings prospects for Japanese exporters.
Li & Fung Ltd., a supplier of toys and clothes to Wal-Mart Stores Inc., lost 1.4 percent in Hong Kong as internal e-mails showed the U.S. retailer had the worst sales start to a month in seven years as payroll-tax increases hit shoppers.
BlueScope Steel Ltd. surged 15 percent after Australia’s largest steelmaker reported a smaller net loss.
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