Most Asian Stocks Climb as Topix Rises to Six-Year High
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Most Asian stocks rose as Japan’s Topix index climbed after the yen extended losses and corporate earnings beat estimates.
Nissan Motor Co., which gets 43 percent of its revenue in North America, gained 1.4 percent. Amorepacific Corp. surged 9.3 percent in Seoul after the cosmetics maker reported higher earnings. Bank of China Ltd. soared 10 percent in Shanghai after a report it was chosen as the exclusive settlement bank for mainland shares traded through the bourse link with Hong Kong. Newcrest Mining Ltd., Australia’s biggest gold producer, slid 3.1 percent as bullion traded near a four-year low.