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Asian Stocks Rebound as Phone Companies Gain; Lynas Sinks

Asian stocks rose, with the regional benchmark index rebounding after yesterday dropping the most in two weeks, as telecommunications companies advanced.

True Corp Pcl climbed 3.4 percent in Bangkok, leading gains among the region’s phone companies. Sihuan Pharmaceutical Holdings Group Ltd. jumped 4.4 percent in Hong Kong after the drugmaker’s profit beat analyst estimates. Lynas Corp., which operates one of the world’s largest rare-earth processing plants, tumbled 8.5 percent in Sydney after posting a wider first-half loss and saying it needs additional funding.