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Asian stocks rose, with the regional benchmark equities gauge on course to snap a two-day drop, as Japan’s Topix index headed for it highest closing level in nearly two months after the yen weakened and earnings at Citigroup Inc. beat estimates. Indian stocks tumbled after the central bank raised interest rates.
Nikkei 225 14,599.12 +92.87 +0.64%
Hang Seng 21,329.48 +26.17 +0.12%
S&P/ASX 200 4,986.02 +4.91 +0.10%
Shanghai Composite 2,065.72 +6.33 +0.31%
Canon Inc., a Japanese camera maker that gets 27 percent of its sales in the Americas, gained 2.7 percent.
GCL-Poly Energy Holdings Ltd., a power company that produces solar grade polysilicon, jumped 7.2 percent in Hong Kong as China’s State Council issued a plan to boost the solar industry.
Paladin Energy Ltd. soared 7.3 percent in Sydney after reporting record output.
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