Asian Stocks Climb on Economy; Nikkei 225 Recoups Lehman Losses
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Asian stocks gained, with the regional benchmark index headed for the highest close since August 2011 amid signs the global economy is recovering. The Nikkei 225 Stock Average erased losses from the 2008 collapse of Lehman Brothers Holdings Inc.
Honda Motor Co., which gets 44 percent of its car sales from North America, climbed 2.7 percent in Tokyo after U.S. jobless claims fell and a weaker yen boosted the earnings outlook for Japanese exporters. Sekisui House Ltd. jumped 15 percent after the Japanese builder forecast a rise in profit. Rio Tinto Group gained 1.8 percent in Sydney after the world’s second-biggest mining company reopened its coal project in Mozambique.