Most Asian Stocks Advance After China Trade Report
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Most Asian stocks advanced as investors weighed data showing Chinese exports rose more than analysts projected last month, while imports unexpectedly fell.
SoftBank Corp. climbed 2.1 percent as Alibaba Group Holding Ltd., in which the Japanese phone carrier holds a stake, prepares for a record-breaking initial public offering. Henderson Land Development Co. gained 2.1 percent in Hong Kong after a filing showed the developer plans to sell its Citistore retail chain to a unit. Rakuten Inc. slumped 4.2 percent after the owner of Japan’s largest online mall said it’s in talks to buy U.S. website operator Ebates Shopping.com Inc.