Asia Stocks Rise First Time in Five Days, Led by Telecoms
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Asian stocks rose, with the regional benchmark gauge climbing for the first time in five days, as telecommunications and health-care shares advanced.
SoftBank Corp. added 2.3 percent in Tokyo, leading phone companies to the largest gain among 10 industry groups on the regional index. Sumitomo Dainippon Pharma Co. surged 5.4 percent after Barclays Plc upgraded the shares. Hyundai Hysco Co. slumped 1.4 percent as the U.S. government imposed duties on steel pipe from South Korea and eight other nations.