Asia Stocks Jump Most Since November Before Yellen Speaks
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A gauge of Asian stocks outside Japan rose, for its biggest advance since November, before Federal Reserve Chairman Janet Yellen delivers her first testimony on monetary policy.
Zijin Mining Group Co., China’s biggest gold producer, jumped 8.1 percent in Hong Kong as the bullion headed for the longest rally since August. Australia & New Zealand Banking Group Ltd., Australia’s third-largest bank by market value, added 2.2 percent after posting a 13 percent jump in first-quarter cash profit. Tata Motors Ltd. climbed 2.9 percent in Mumbai, rising for a sixth day, after India’s biggest automaker posted quarterly profit that beat analyst estimates.