Economics
Asian Stocks Advance on Outlook for Federal Stimulus
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Asian stocks rose, with the regional benchmark index climbing to a five-month high, amid speculation the Federal Reserve will delay stimulus cuts.
Canon Inc., the world’s biggest camera maker, gained 1.4 percent as a weaker yen boosted the earnings outlook for Japanese exporters. Tencent Holdings Inc. jumped to a record in Hong Kong, pacing gains among Internet companies after industry bellwether Google Inc.’s ad sales topped estimates. Qantas Airways Ltd. slipped 5.6 percent, falling a second day after Australia’s largest carrier said last week it expects the lowest yields for passenger flights in more than a decade.