Economics
Asian Stocks Gain on U.S. Retail Sales, Fed U.S. Outlook
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Asian stocks rose for a second day after U.S. retail sales jumped and the Federal Reserve raised its assessment of the world’s biggest economy. Shares pared gains after Chinese Premier Wen Jiabao said home prices are still too high.
Toyota Motor Corp. rose 2.1 percent in Tokyo. HSBC Holdings Plc and other lenders rose after the Fed said most of the largest U.S. bank have enough capital to weather another recession. Samsung Electronics Co. climbed 2.4 percent in Seoul after saying it will supply screens for Apple Inc.’s new iPad. Evergrande Real Estate Group Ltd., a mainland developer, fell