Asian Stocks Advance Most in Seven Weeks as Topix Jumps
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Asian stocks advanced, with the benchmark index posting its biggest rally in more than seven weeks, as Japanese shares led gains and Chinese developers surged.
Mitsui Mining & Smelting Co., a maker of lead and copper alloys, jumped 7.4 percent in Tokyo after raising its full-year profit forecast. Sunac China Holdings Ltd. soared 9.3 percent in Hong Kong, with the developer posting its highest close in 18 months, on prospects for further easing of mainland property curbs. Malaysian Airline System Bhd. advanced 8.3 percent after sovereign wealth fund Khazanah Nasional Bhd. offered to take the carrier private.