Asian Stocks Climb as Microsoft Profit Boosts Earnings Outlook
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Asian stocks rose, driving up the MSCI Asia Pacific Index by the most in more than two weeks, after Microsoft Corp. reported better-than-estimated earnings and commodity prices gained.
Hon Hai Precision Industry Co., the world’s largest electronics contract manufacturer, advanced 5 percent in Taipei as Microsoft posted record fourth-quarter revenue. BHP Billiton Ltd. and Rio Tinto Group, the world’s biggest and third-biggest mining companies, jumped more than 2 percent in Sydney. Komatsu Ltd., the world’s No. 2 construction-equipment maker, climbed