Asian Stocks Edge Higher on Signs U.S. Weathering Europe Crisis
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Asian stocks edged higher, lifted by signs of U.S. economic recovery, as the region’s benchmark index ended 2011 with its first annual decline in three years.
Sony Corp., Japan’s biggest exporter of consumer electronics, gained 2 percent today in Tokyo. Techtronic Industries Company Ltd., a maker of industrial products that gets about 73 percent of its revenue in North America, added 0.9 percent in Hong Kong. Inpex Corp., Japan’s No. 1 energy explorer, advanced 0.4 percent after oil prices gained. Power Finance Corp. gained 5.1 percent in Mumbai after announcing a bond sale.