Asian Stocks Rise on Low Volume With China, Japan Markets Closed
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Asian stocks rose on low trading volume with the region’s two largest markets shut for holidays. Chinese shares in Hong Kong jumped amid speculation the government will relax monetary policy to boost growth.
Developers and financial firms surged, with China Vanke Co. soaring 11 percent and People’s Insurance Company (Group) of China Ltd. advancing 6.6 percent. CSR Corp. and China CNR Corp. gained at least 16 percent, extending their Dec. 31 increase after announcing a merger agreement. Atlas Iron Ltd., a Perth-based iron ore producer that lost 87 percent of its value last year, jumped 39 percent.