Economics
Asian Stocks Rise as Investors Watch for U.S. Recovery
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Asian stocks rose, with the regional benchmark index posting its biggest gain this week, amid optimism the U.S. economy is emerging from a worse-than-estimated contraction last quarter.
China Gas Holdings Ltd. surged 6.9 percent in Hong Kong as it said it plans to increase sales threefold by 2020. Rakuten Inc. rose 2.9 percent after the Japanese online retailer was reported to be in talks to invest in a discount airline with AirAsia Bhd. Luk Fook Holdings International Ltd. climbed 4.1 percent in Hong Kong after profit at the jeweler rose.