Asia Stocks Rise for Fourth Day as Japan’s Topix Advances
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Asian stocks rose for a fourth day, with Japanese shares gaining as the yen weakened after a report Prime Minister Shinzo Abe is considering a corporate-tax cut and data showed machinery orders beat estimates.
Honda Motor Co., which gets 83 percent of sales from overseas, increased 1.9 percent, pacing gains among Japanese exporters. Sony Financial Holdings Inc., the financial services unit of electronics maker Sony Corp., jumped 2.8 percent in Tokyo after proposing a higher dividend. Newcrest Mining Ltd. slipped 2.3 percent as brokers cut ratings on shares of Australia’s biggest gold producer.