Japanese Stocks Advance Fourth Day on China Inflation
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Japanese stocks extended a three-day rally after China’s inflation slowed a fourth month, widening the scope for easing in Japan’s biggest export market amid growing expectations for additional global monetary stimulus.
Fanuc Corp., a maker of robotics used in Chinese factories, added 1.8 percent. Dowa Holdings Co. soared 10 percent after the metal smelter lifted its first-half earnings forecast. Oki Electric Industry Co. plunged 34 percent, the most since at least 1974, after it was put on notice for possible delisting on reports of improper accounting at its Spanish unit.