Most Asian Stocks Rise; Japan Shares Drop as Streak Ends
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Most Asian shares outside Japan rose after Chinese industrial profits increased for a fourth month. Japan’s Nikkei 225 Stock Average retreated after capping its longest weekly winning streak in more than 40 years.
Anhui Conch Cement Co. led gains among Chinese makers of the material in Hong Kong after Shenyin & Wanguo Securities Co. recommended the sector. Nintendo Co. and Sony Corp. climbed more than 3.4 percent on a report China may lift a ban on imports of game consoles. Fanuc Corp. and Hitachi High-Technologies Corp. each slumped more than 7 percent in Tokyo on earnings concern.