Asian Stocks Rise Toward Month High on Greece’s Pro-Bailout Vote

Lock
This article is for subscribers only.

Asian stocks jumped, driving the regional benchmark index toward a one-month high, after projected election victories for pro-bailout parties eased concern Greece would leave the euro. Shares pared gains after India’s central bank left interest rates unchanged.

Canon Inc., a camera maker that gets 31 percent of sales in Europe, rose 1.4 percent in Tokyo. Lynas Corp. surged 6.3 percent in Sydney after Malaysia upheld the Australian miner’s license to run a rare-earths refining facility in the face of protest. Hong Kong Exchanges & Clearing Ltd., the world’s second-largest bourse operator, slipped 4.5 percent after agreeing to pay 1.39 billion pounds ($2.18 billion) for the London Metal Exchange.