Asian Stocks Climb From $1.1 Trillion Slump on U.S. Data
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Asian stocks climbed, after the regional benchmark index yesterday erased this year’s gain, as U.S. economic data beat estimates and concern eased that the Federal Reserve will reduce record stimulus.
Japan’s Nikkei 225 Stock Average rose after entering a bear market yesterday. Kawasaki Heavy Industries Ltd. rose 4.3 percent in Tokyo after removing its president and ending merger talks with Mitsui Engineering & Shipbuilding Co. China Overseas Land & Investment Ltd. added 1.2 percent in Hong Kong on a report of rising homes sales in Beijing.