Economics
Asian Stocks Rise as U.S. Payrolls Ease Stimulus Concerns
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Asian stocks outside Japan rose the most in eight weeks after slower growth in U.S. payrolls eased concern the Federal Reserve will accelerate cuts to stimulus.
Newcrest Mining Ltd., an Australian gold producer, advanced 6.1 percent as the precious metal climbed after the U.S. jobs data. Dongbu Steel Co. jumped 15 percent in Seoul, the highest close in seven months, after the Maeil Business newspaper reported companies are interested in buying one of its factories and a stake in Dongbu Metal Co. Hyundai Motor Co. climbed 3.2 percent as consumer discretionary firms posted the largest gains among the 10 industry groups on the regional benchmark index.