Asian Stocks Outside Japan Jump; Nikkei 225 Erases 2015 Advance
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Asian stocks outside of Japan rose from a three-year low, led by late afternoon rallies in Hong Kong and Shanghai. The Nikkei 225 Stock Average erased its 2015 gain as shares in Tokyo sank.
Great Wall Motor Co. jumped 16 percent in Hong Kong after the Chinese carmaker reported increased vehicle sales for August. Samsung Electronics Co. gained 1.7 percent in Seoul after a report the world’s biggest smartphone maker is preparing to cut 10 percent of workers at its headquarters. Nomura Holdings Inc. sank 3 percent after Barclays Plc cut its rating on Japan’s biggest brokerage.