Economics
Asian Stocks Gain First Time in Three Days on Utilities
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Asian stocks rose for the first time in three days, with the regional benchmark index advancing from a three-week low as utilities and developers gained.
Tokyo Electric Power Co., operator of the crippled Fukushima Dai-Ichi nuclear power plant, rebounded 7.6 percent after declining 20 percent over the past five days. Country Garden Holdings Co. jumped 8 percent in Hong Kong after the mainland developer said it met its annual contract-sales target. Rakuten Inc., which operates an online mall, tumbled 12 percent in Tokyo after Yahoo Japan Corp. said it would eliminate vendor fees for its shopping and auction sites.