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Asian stocks rose as the Bank of Japan started a two-day policy meeting and China’s money-market rates dropped after the central bank pumped funds into the financial system.
Nikkei 225 15,795.96 +154.28 +0.99%
S&P/ASX 200 5,331.46 +36.42 +0.69%
Shanghai Composite 2,008.31 +17.06 +0.86%
Industrial & Commercial Bank of China Ltd., the nation’s biggest lender, climbed 2.5 percent in Hong Kong.
LG Display Co., a supplier of panels for Apple Inc. devices, rose 2.3 percent in Seoul after Bank of America Corp.’s Merrill Lynch raised its rating on the stock.
Fortescue Metals Group Ltd., Australia’s third-largest iron-ore miner, sank 4.6 percent in Sydney after a benchmark for the metal’s price fell in China, the biggest consumer of the commodity.
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