Skip to content
Subscriber Only
Technology
Pursuits

Asian Stock Rise Second Week as Central Banks Cut Rates

Asian stocks rose this week, with the regional benchmark index capping its fourth advance in five weeks, on anticipation central banks would ease monetary policy to spur growth. Shares fell July 6 as interest-rate cuts in China and Europe failed to convince investors that enough is being done to shore up the global economy.

Sino-Ocean Land Holdings Ltd., a Chinese developer, jumped 14 percent this week in Hong Kong after Credit Suisse Group AG said the nation’s interest rate cut benefits developers. Nintendo Co., a Japanese maker of game consoles that depends on Europe for a third of its sales, rose 3.2 percent in Osaka. Kawasaki Kisen Kaisha Ltd., Japan’s third-largest shipping line, tumbled 16 percent in Tokyo after announcing a share sale and cutting its profit forecast.