Asian Stocks Jump on China Policy Outlook, French Borrowing Cost
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Asian stocks rose, with the regional benchmark index heading for the highest close in almost six weeks, after French borrowing costs fell and the slowest Chinese growth since 2009 added to speculation policy makers will ease lending curbs in the world’s No. 2 economy.
HSBC Holdings Plc, Europe’s biggest lender, climbed 3.3 percent after France sold debt at a lower cost even after its credit rating was cut. Agile Property Holdings Ltd., a Chinese property developer, added 9 percent to HK$8.39. Paladin Energy Ltd. surged 12 percent in Sydney after the uranium miner said output climbed.