Asian Stocks Rebound to 2008 High as Energy Shares Lead Gains
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Asian stocks rose, with the regional gauge rebounding to its highest since May 2008, as energy producers led gains after oil traded near its highest price this year.
PetroChina Co. jumped 4 percent in Hong Kong. Sharp Corp. surged 4.5 percent in Tokyo after a report the electronics company is meeting lenders to negotiate a debt-for-equity swap. Haier Electronics Group Co. slumped 6.8 percent in Hong Kong after Carlyle Group LP sold 140 million shares in the consumer electronics company at a discount.