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Asian stocks rose for the first time in four days after better-than-forecast growth in U.S. jobs and Chinese exports boosted investor confidence that cuts to Federal Reserve stimulus won’t derail the global economic recovery.
Nikkei 225 15,650.21 +350.35 +2.29%
Hang Seng 23,805.49 +62.39 +0.26%
S&P/ASX 200 5,144.42 -41.60 -0.80%
Shanghai Composite 2,238.2 +1.09 +0.05%
Techtronic Industries Co., a maker of power tools that gets about 73 percent of sales from North America, gained 1.2 percent in Hong Kong.
State Bank of India, the nation’s biggest lender, climbed 1.8 percent as the benchmark S&P BSE Sensex Index headed for a record close.
QBE Insurance Group Ltd. tumbled 22 percent after Australia’s largest insurer by market value forecast an unexpected loss of about $250 million due to writedowns at its North American operations.
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