Asian Stocks Rise as Japanese Exporters Gain on Weak Yen
This article is for subscribers only.
Asian stocks rose, with the regional benchmark index heading for its first advance in five days, as Japanese exporters gained after the yen weakened, and China’s central bank injected funds into the money market.
Toyota Motor Corp. climbed 2.9 percent in Tokyo as the yen’s weakness boosted the outlook for export income. Daiwa Securities Group Inc., Japan’s second-largest brokerage, rose 3.3 percent after posting earnings that beat analyst estimates. Jiangxi Copper Co., China’s biggest producer of the metal, dropped 3.2 percent in Hong Kong after copper futures declined.