Asian Stocks Rise, Headed for Biggest Weekly Advance Since 2007

Asian stocks rose, with the MSCI Asia Pacific Index set for its biggest weekly gain since August 2007, ahead of German Chancellor Angela Merkel’s speech to lawmakers on Europe’s debt crisis and after U.S. manufacturing expanded more than forecast.

DeNA Co., a social-network website operator, jumped 8.1 percent in Tokyo after Credit Suisse Group AG rated the shares “outperform” in new coverage. Japanese shares gained after Goldman Sachs Group Inc., Deutsche Bank AG and UBS AG said they’ll rebound. Billabong International Ltd., a maker of surfwear that counts the Americas as its biggest market, rose 4 percent in Sydney. Belle International Holdings Ltd., a Chinese retailer of women’s shoes, sank 6.6 percent after an investor was said to have sold HK$1 billion ($129 million) of shares.