Asia Stocks Set for Best Week Since October Amid Hong Kong Rally
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Asian stocks were poised for the biggest weekly advance in five months as mainland buyers drove a rally in Hong Kong. The Shanghai Composite Index closed above 4,000 for the first time since 2008.
China International Marine Containers (Group) Co. jumped 15 percent in Hong Kong to lead gains around the region. Hong Kong Exchanges & Clearing Ltd. capped a 27 percent advance this week after the bourse today said there’s plans to expand the quota for the trading link with Shanghai. Fast Retailing Co. gained 2.5 percent to a record in Tokyo after the clothier boosted its profit forecast.