Asian Stocks Advance as Yen Weakens to 27-Month Low

Asian stocks rose, with the regional benchmark index headed for a second month of advance, as the yen touched a 27-month low against the dollar on prospects for more stimulus and China’s industrial companies’ profit gained.

Mazda Motor Corp., an automaker that gets 28 percent of its sales in North America, advanced 7.1 percent in Tokyo as newly installed premier said “bold’ monetary policy is one of the three pillars of his economic measures. Country Garden Holdings Co., a Chinese real estate developer, rose 3.4 percent in Hong Kong, whose equity market reopened after a two-day holiday. SK Telecom Co., the mobile telephone carrier among 119 companies trading without rights to year-end dividends on South Korea’s benchmark index, dropped 4.1 percent.