Asian Stocks Rise Fourth Day on Global Economic Recovery
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Asian stocks rose for a fourth day as Japanese shares were boosted by the yen weakening against the dollar and optimism that the global economy is recovering.
Nissan Motor Co. climbed 3.2 percent as the yen touched a one-month low against the dollar. Tokyo Electric Power Co. gained 3.4 percent after the government said it may spend 47 billion yen ($473 million) to control radiation leaks at the Fukushima Dai-Ichi nuclear plant. Rio Tinto Group, the world’s second-biggest miner, led raw-material producers higher, rising 3.1 percent in Sydney after metals prices advanced.