Economics
Asian Stocks Rise First Time in 5 Days on Easing Hopes
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Asian stocks headed for the first advance in five days after a drop in U.S. new home sales fueled speculation the Federal Reserve may take new steps to spur growth, boosting demand for growth-sensitive shares.
Nomura Holdings Inc., Japan’s biggest brokerage by market value, advanced 5.7 percent, leading gains among financial firms on a plan to name a new chief executive officer amid an insider-trading scandal. Qantas Airways Ltd. rose 9.6 percent in Sydney on a report the carrier was close to forming a long-haul alliance. Olympus Corp. jumped 9.6 percent after Terumo Corp., a Japanese medical device maker, proposed to invest 50 billion yen ($639 million) in the camera maker as part of a merger.