Economics
Asian Stocks Outside Japan Advance on U.S. Home Sales
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Asian stocks outside Japan gained, with a regional index poised to advance for a second day, as U.S. home sales beat economist estimates, boosting optimism in the world’s largest economy.
Techtronic Industries Co., a power tools maker that gets 72 percent of sales from North America, rose 3.5 percent in Hong Kong. Osaka Securities Exchange Co. added 1.9 percent after shareholders approved its merger with Tokyo Stock Exchange Group Inc. Olam International Ltd. sank 7.5 percent in Singapore as it resumed trading after short-seller Carson Block questioned the commodity trader’s accounting methods.