Asian Stocks Rise on U.S. Rate Outlook as Material Shares Gain
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Asian stocks rose after comments by a Federal Reserve official fueled optimism that U.S. policy makers will hold interest rates lower for longer.
Inpex Corp. climbed 4.4 percent, pacing gains among energy shares after the U.S. oil benchmark jumped more than 6 percent on Monday. Catcher Technology Co. surged 7 percent to a record close in Taipei after the supplier of casings for Apple Inc.’s iPhones posted sales that beat analyst estimates. DLF Ltd., India’s largest developer by market value, slipped 2.9 percent in Mumbai after the nation’s central bank left interest rates unchanged.