Asia Stocks Snap Two-Day Fall as Investors Assess Crimea
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Asian stocks rose, rebounding from the regional index’s first back-to-back declines in a month, as investors weighed the crisis in Crimea and ahead of the National People’s Congress annual meeting in China starting tomorrow.
Mitsubishi Estate Co. gained 2.2 percent in Tokyo as Japanese developers led the Topix index higher. Tencent Holdings Ltd., Asia’s biggest Internet company, advanced 1.7 percent as Hong Kong shares rebounded from their biggest drop in a month. AGL Energy Ltd. sank 2.5 percent in Sydney after its A$1.51 billion ($1.35 billion) deal to buy power plants in Australia’s most-populous state was blocked by an antitrust regulator.