Economics
Asian Stocks Snap Two-Day Loss After China, U.S. Data
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Asian stocks rose for the first time in three days, with the regional benchmark heading for its biggest advance in a month, after economic reports in China and the U.S. beat estimates and the yen traded near a 30-month low.
Toyota Motor Corp., the world’s biggest automaker, gained 2.1 percent to its highest since October 2008. Industrial & Commercial Bank of China Ltd., the world’s biggest lender by market value, added 1.7 percent in Hong Kong. Rio Tinto Group, the world’s second-largest mining company, rose 2.7 percent in Sydney after Chief Executive Officer Tom Albanese resigned without getting a cash windfall.