Economics
Asia Stocks Rise, Led by Utilities, as Hong Kong Rebounds
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Asian stocks climbed, with the regional benchmark index rising for the first time in three days, as utilities advanced and Hong Kong stocks rebounded from yesterday’s slump.
Gail India Ltd., a distributor of natural gas, jumped 4.6 percent in Mumbai to lead power companies higher. Coolpad Group Ltd. jumped 13 percent in Hong Kong after the smartphone maker said profit increased. Inpex Corp., a Japanese oil explorer, tumbled 3.3 percent as crude slid after Iraqi army victories damped concern the nation’s supplies will be disrupted.