Asian Stocks Rise After Report Libya Oil Shipments Have Resumed
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Asian stocks rose after a report said oil shipments from Libya’s rebel-controlled eastern territory may have resumed, even as political unrest spread to Oman.
Aluminum Corp. of China Ltd., the country’s biggest producer of the lightweight material, climbed 3.2 percent in Hong Kong. Yue Yuen Industrial (Holdings) Ltd., a supplier of branded athletic shoes, climbed 1.9 percent. Sony Corp., which makes almost 70 percent of sales outside Japan, and Honda Motor Co., a carmaker that receives 84 percent of its revenue abroad, erased losses in Tokyo following the oil shipment report in the Wall Street Journal.