Asia Stocks Outside Japan Rise as Consumer Shares Advance
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Asian stocks outside Japan rose, with a regional gauge extending gains into a third day as consumer and utilities companies advanced.
HanKore Environment Tech Group Ltd. soared 35 percent in Singapore after a filing showed China Everbright International Ltd. plans to transfer water-industry investments to the company. Sinopec Kantons Holdings Ltd. gained 4.6 percent in Hong Kong after the oil trader said its controlling shareholder China Petroleum & Chemical Corp. is considering a asset injection of natural gas pipelines. Perseus Mining Ltd., a gold producer, sank 3.9 percent in Sydney as the precious metal headed for its biggest annual decline since 1981.