Asian Stocks Advance After U.S. Gauges Rally to Records
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Asian stocks rose the most in seven weeks as investors weighed earnings and after U.S. equity indexes climbed to records.
Nissan Motor Co. jumped the most in 11 months after Japan’s second-biggest carmaker reported full-year profit that beat estimates and forecast higher dividends. PanAust Ltd., an Australian copper producer, soared 34 percent on a takeover bid from Guangdong Rising Assets Management Co. PetroChina Co. added 2.8 percent to its highest close since Nov. 25 in Hong Kong after announcing the sale of assets valued at 39 billion yuan ($6.3 billion).