Economics
Asian Stocks Outside Japan Rise as China Developers Gain
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Asian stocks outside Japan rose as Chinese property developers and resources companies climbed. Japanese shares fell after economic growth in the world’s third-largest economy slowed more than forecast.
Raw-materials suppliers paced gains on the regional equities index. BHP Billiton Ltd., the world’s biggest miner, jumped 2.4 percent in Sydney. China Resources Land Ltd., the second-largest mainland developer traded in Hong Kong, rose 2.3 percent amid speculation the government will relax a ban on companies raising funds through share sales. Bridgestone Corp., Japan’s No. 1 tiremaker, advanced 2.8 percent after raising its full-year profit forecast.