Most Asian Stocks Gain as Investors Weigh Company Results
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Most Asian stocks advanced, with a surge in Hong Kong shares spurring a regional gauge to climb from a three-week low, as investors weighed company earnings.
LG Electronics Inc. added 3.9 percent in Seoul after the world’s No. 2 television maker posted first-quarter operating profit that almost doubled analyst estimates. Ping An Insurance Group Co. rose 1.7 percent in Hong Kong after China’s second-biggest insurer reported a 46 percent increase in quarterly profit. Sands China Ltd. fell 2.6 percent and Galaxy Entertainment Group Ltd. slid 4.6 percent after analysts trimmed forecasts for growth in Macau gaming revenue this month.