Asia Stock Index Poised for Weekly Gain as Topix Climbs
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Asia’s benchmark stock index is poised for a second weekly advance after Japan’s Topix Index closed at the highest level since 2008 as leasing companies rallied on a report Prime Minister Shinzo Abe will encourage the practice as part of his growth strategy.
Orix Corp., which provides leasing and loans, jumped 9.2 percent in Tokyo. Mizuno Corp. surged 18 percent after the Japanese sportswear company more than doubled its net-income forecast. Singapore Airlines Ltd. dropped 4.6 percent after posting a wider operating loss. WorleyParsons Ltd., Australia’s largest oil and gas engineering company, plunged 13 percent after forecasting weaker earnings.