Asian Stocks Rise Most in Two Months Amid Global Equities Rally
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Asian stocks headed for their biggest gain since October amid a global rally. Japan’s Topix index jumped on a weaker yen and Chinese shares surged to a four-year high.
Aluminum Corp. of China Ltd. surged 6.5 percent in Hong Kong after its chairman resigned and the company said it was planning on selling silicon units. BYD Co. advanced 14 percent, rebounding from a record slump yesterday, after saying Warren Buffett’s Berkshire Hathaway Inc. had no plans to reduce its stake in the electric-car maker. Toyota Motor Corp. jumped 4.3 percent in Tokyo.