Asia News
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Asian stocks rose for an eighth week, with the regional index capping its longest streak of weekly advances since 2005, after the U.S. jobless claims unexpectedly dropped and Greek political leaders struck a deal on a package of austerity measures.
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Global stocks fell the most this year, commodities slid and the euro weakened as a plan to help Greece avoid default threatened to unravel and U.S. consumer confidence trailed estimates. Treasuries and costs to protect European debt rose.
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Asian currencies had this year’s first weekly loss after European leaders held back a bailout package for Greece, sapping demand for emerging-market assets.
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U.S. makers of wind towers such as Broadwind Energy Inc. are being harmed by cheaper imports from China and Vietnam, a trade panel ruled in the first step toward imposing tariffs on the shipments.
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