Asian Stocks Rise for First Time in Three Days on Profits, Oil
This article is for subscribers only.
Asian stocks rose for the first time in three days as earnings improved, oil and metal prices boosted commodity companies and U.S. consumer spending climbed.
Honda Motor Co., Japan’s third-largest carmaker by sales, gained 2 percent after increasing its profit forecast. Hitachi Ltd., a maker of products from home appliances to nuclear reactors, climbed 3.4 percent in Tokyo after the Nikkei newspaper said the company may report record earnings. BHP Billiton Ltd., the world’s No. 1 mining company and Australia’s biggest oil producer, gained 0.8 percent in Sydney.