Asia Stocks Outside Japan Rise as Market Weighs Shutdown
This article is for subscribers only.
Asian stocks outside Japan rose as investors speculated economic effects would be limited from the first partial U.S. government shutdown in 17 years.
Samsung Electronics Co. gained 2.6 percent in Seoul after the consumer-electronics maker said third-quarter earnings will improve at its mobile unit. Paladin Energy Ltd. soared 10 percent in Sydney as the uranium explorer announced cost cuts. Hutchison Whampoa, controlled by Li Ka-shing, surged the most since November 2007 on a report it may seek to raise $10 billion spinning off its Watsons retail arm. Nissan Motor Co., a carmaker that gets about 80 percent of its revenue outside Japan, dropped 1 percent as the yen gained.