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Asian stocks rose, extending last week’s advance, as Japanese shares led gains on speculation the next Bank of Japan governor will deploy aggressive monetary easing. Hong Kong developers fell after the city doubled taxes on some property transactions.
Nikkei 225 11,662.52 +276.58 +2.43%
S&P/ASX 200 5,055.77 +37.62 +0.75%
Shanghai Composite 2,325.82 +11.66 +0.50%
JFE Holdings Inc., Japan’s No. 2 steelmaker by market value, jumped 8.6 percent for the second-biggest advance on the MSCI Asia Pacific Index.
Beach Energy Ltd. rose 5.8 percent in Sydney after Chevron Corp. agreed to partner with the energy company on gas exploration.
Sun Hung Kai Properties Ltd. fell 2.2 percent, pacing declines among Hong Kong developers.
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