Economics
Asia Stocks Gain for Third Week as Japan Recovers Lehman Losses
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Asian stocks rose for a third week, with the Nikkei 225 Stock Average recouping losses from before the 2008 collapse of Lehman Brothers Holdings Inc., as U.S. reports added to optimism in the global recovery and Japan’s central bank officials said they will continue stimulus.
Toyota Motor Corp. climbed 3.4 percent, the most in five weeks, as the yen touched the lowest since August 2009. Mitsubishi Estate Co. soared 8.3 percent on speculation earnings at Japan’s biggest property developer will rise as the economy expands. China Overseas Land & Investment Ltd. led Hong-Kong listed property developers lower as China tightened mortgage rules to limit price increases the property market.