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Asia Stocks Climb Amid Global Policy Stimulus Speculation

Asian stocks rose amid speculation global policy makers will join the Reserve Bank of Australia in taking steps to stimulate economic growth and after a four-day drop left the regional gauge at the cheapest level this year.

Commonwealth Bank of Australia, the nation’s biggest lender by market value, advanced 1.9 percent as the central bank cut interest rates. Canon Inc., a Japanese camera maker whose shares fell yesterday to the lowest level since April 2009, gained 3.4 percent on a stock buyback plan. Qantas Airways Ltd. tumbled 19 percent in Sydney to a record low after forecasting full-year profit may plunge as much as 91 percent.