Asian Stocks Snap Three-Day Loss as Abe Wins Election

Asian stocks rose, with the regional benchmark index snapping three days of losses, after Japanese Prime Minister Shinzo Abe’s victory in upper-house election gave him a freer hand to execute economic reforms.

Samsung Engineering Co. rose the most on MSCI Asia Pacific Index, jumping 8.3 percent in Seoul, on speculation it will post a profit in the third quarter. NEC Corp. added 4.2 percent in Tokyo after the Nikkei newspaper reported the computer manufacturer will form a server partnership with Hewlett-Packard Co. Minsheng Banking Corp., China’s first non-state lender, dropped 0.8 percent after the central bank removed a floor on lending rates.