Economics
Asian Stocks Rise on Australian GDP, U.S. Services Data
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Asian stocks rose, with the MSCI Asia-Pacific Index heading for its biggest two-day advance in five months, as reports showed Australia’s economy expanded twice as fast as economists estimated and U.S. service industries grew.
Westfield Group, the world’s biggest shopping center operator by assets, advanced 3.5 percent in Sydney. Sharp Corp., Japan’s largest maker of liquid-crystal displays, rose 6.9 percent. Tokyo Derica Co., which sells women’s leather handbags, surged 17 percent after canceling a share sale.