Asian stocks rose, with a regional equities gauge climbing for the fourth time in five days, after a report showed China’s economy grew 7.5 percent in the second quarter, matching economists’ estimates.
Nikkei 225 14,506.25 +33.67 +0.23%
Hang Seng 21,291.93 +14.65 +0.07%
S&P/ASX 200 4,981.11 +7.22 +0.15%
Shanghai Composite 2,059.39 +19.90 +0.98%
Jiangxi Copper Co., China’s No. 1 producer of the metal, advanced 2.1 percent in Hong Kong.
BYD Co., an electric-car maker partly owned by Warren Buffett, jumped 7.3 percent in Hong Kong after China’s State Council was reported to endorse the use of new energy in government vehicles.
Treasury Wine Estates Ltd., the world’s second-biggest listed winemaker by revenue, posted a record slump in Sydney after saying it would write off A$160 million ($145 million).
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