Asian Stocks Outside Japan Rise on U.S., China Funding

Asian stocks outside Japan gained after data showed the U.S. economic recovery gaining momentum and China’s central bank moved to ease a cash crunch.

Techtronic Industries Co., a power-tool maker that gets 73 percent of sales from North America, climbed 3.4 percent in Hong Kong after U.S. consumer spending rose. Agricultural Bank of China Ltd., the nation’s third-biggest lender, gained 1.3 percent. Japan’s Nikkei 225 Stock Average pared gains to 0.1 percent after touching 16,000 for the first time in six years. Mitsubishi Motors Corp. jumped 4.3 percent after the Japanese carmaker raised its operating-profit forecast.