Economics

Japanese Stock Futures Rise as China Cuts Interest Rate

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Japanese and Australian stock futures rose, with the Nikkei 225 Average poised for its first weekly gain in 10 weeks, after China cut its benchmark interest for the first time since 2008.

American Depositary Receipts of BHP Billiton Ltd., the world’s largest mining company, climbed 3.1 percent from the closing price in Sydney. ADRs of Komatsu Ltd., a Japanese mining-equipment maker, gained 0.8 percent. Terumo Corp. may be active in Tokyo after Barclays Plc recommended buying shares of Asia’s largest medical devices company.