Asian Stocks Rise as Phone, Electronics Companies Gain
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Asian stocks rose, with the regional benchmark index extending its rally to a six-month high, as phone carriers and electronics manufacturers advanced.
Singapore Telecommunications Ltd. climbed 1.6 percent after it agreed to sell Alibaba Group Holding Ltd. a part of its stake in Singapore Post Ltd., which jumped to a record. Samsung Electronics Co., the world’s largest maker of smartphones, added 1.9 percent in Seoul after unveiling a health-monitoring wristband. BHP Billiton Ltd., the world’s No. 1 mining company, dropped 1.3 percent in Sydney as copper futures declined.