Asian stocks rose, with the regional benchmark gauge recovering from its biggest weekly drop in seven months, after Cyprus agreed to an international bailout and profit at China Petroleum & Chemical Corp. topped forecasts.
Nikkei 225 12,546.46 +207.93 +1.69%
Hang Seng 22,251.15 +135.85 +0.61%
S&P/ASX 200 4,990.2 +22.94 +0.46%
Shanghai Composite 2,326.71 -1.56 -0.07%
Sony Corp. gained 3.1 percent as the yen weakened, boosting the outlook at Japan’s No. 1 consumer-electronics exporter.
Sinopec, as Asia’s biggest refiner is known, rose 2.6 percent after net income beat analyst estimates.Leighton Holdings Ltd. surged 4.3 percent as Australia’s largest construction company appointed Bob Humphris chairman after his predecessor resigned in a dispute with shareholder Hochtief AG over board independence.
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