Nikkei 225 Rises Most in Month as U.S. Leaders Strike Debt Deal
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The Nikkei 225 Stock Average gained the most in a month after U.S. President Barack Obama said congressional leaders reached an agreement to raise the federal debt ceiling and avert a default.
Honda Motor Co., which counts North America as its biggest market, increased 1.5 percent as a gain in the dollar boosted its earnings outlook. Hitachi Construction Machinery Co., which gets 26 percent of its sales in China, gained 2 percent after a mainland manufacturing index beat estimates. Mitsubishi UFJ Financial Group Inc., Japan’s biggest publicly traded bank, climbed 4.1 percent after reporting first-quarter profit tripled.