Asian Stocks Climb on U.S. Confidence, Durable Goods Data

Asian stocks rose after U.S. data on durable goods and consumer confidence boosted optimism in the strength of the world’s largest economy.

Boral Ltd. surged 4.5 percent as profit at the Australian producer of building materials topped estimates. Kawasaki Kisen Kaisha Ltd., Japan’s third-biggest shipper, rose 3.3 percent on a report it will target a return on equity of 10 percent in five years. BYD Co., an electric automaker partially owned by Warren Buffett’s Berkshire Hathaway Inc., gained 5.9 percent amid optimism China will provide funding to build electric-vehicle-charging facilities.