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Asian stocks outside Japan rose after data showed faster-than-estimated economic growth in the U.S. and the International Monetary Fund said it’s raising its outlook for the world’s largest economy.
Nikkei 225 Closed
S&P/ASX 200 5,291.95 +26.73 +0.51%
Shanghai Composite 2,089.71 +4.91 +0.24%
Hyundai Merchant Marine Co., Korea’s second-largest shipping company, surged 15 percent in Seoul after Hyundai Group said it plans to sell assets including financial units and its hotel business for at least 3.3 trillion won ($3.1 billion).
Echo Entertainment Group Ltd. advanced 6.1 percent in Sydney after a managing director of its Star casino resigned.
China Mobile Ltd. added 1.3 percent in Hong Kong after striking a deal with Apple Inc. to sell the iPhone in the world’s largest wireless market.
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