Asian Stocks Rise, Head for Best Weekly Gain Since April
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Asian stocks rose, with the regional benchmark gauge posting its biggest weekly increase in almost a year. Yahoo Japan Corp. plunged after agreeing to buy assets from parent SoftBank Corp.
The MSCI Asia Pacific Index advanced 0.7 percent to 137.02 as of 7:45 p.m. in Tokyo. The measure has gained 3.2 percent since March 21. Chinese shares in Hong Kong surged 6.1 percent this week, their biggest weekly gain since November. Japan’s Topix index climbed 3.5 percent on the week, the best such rally in four months.