Economics
Asia Stocks Rally to Highest Since May Amid U.S. Optimism
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Asian stocks rose, with the regional index rallying to its highest level since May, as U.S. Senate leaders said they’re making progress in talks to reopen the U.S. government and avoid a breach of the debt limit this week.
James Hardie Industries SE, a maker of building materials that gets about 70 percent of sales from the U.S., increased 2.1 percent in Sydney. SJM Holdings Ltd., Asia’s biggest casino operator, jumped to a record high after Macquarie Group Ltd. raised its growth outlook for Macau’s gaming market. Hankook Tire Co., South Korea’s No. 1 tiremaker, advanced 1.9 percent after announcing plans to build its first factory in the U.S.