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Asian stocks rose, extending the longest rally in the benchmark index this year, as China’s industrial production and retail sales beat estimates, adding to signs the second-largest economy is rebounding.
Nikkei 225 14,423.36 +218.13 +1.54%
Hang Seng 22,937.21 +186.56 +0.82%
S&P/ASX 200 5,201.17 +19.70 +0.38%
Shanghai Composite 2,237.98 +25.47 +1.15%
Jiangxi Copper Co., China’s biggest producer of the metal, gained 2.2 percent in Hong Kong.
Komatsu Ltd., Japan’s No. 1 construction-equipment maker, climbed 6.4 percent after the Nikkei newspaper reported operating profit from its parts business will climb to a record this year.
Mitsui O.S.K. Lines Ltd. jumped 6 percent in Tokyo, pacing gains among shipping companies after a gauge of cargo rates posted its largest advance in more than four years.
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