Economics
Asian Stocks Rally Most This Month on China Rate Cuts
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Asian stocks rose, with a regional gauge posting its biggest gain this month, as China’s unexpected interest-rate cuts stoked optimism in the global economy.
BHP Billiton Ltd., the world’s biggest mining company that gets about 35 percent of revenue from China, jumped 3.8 percent in Sydney. China Vanke Co., the nation’s biggest homebuilder by sales, surged 13 percent in Hong Kong, pacing gains among mainland developers. Halla Visteon Climate Control Corp. led declines on the Asian benchmark gauge after reports that South Korean buyout fund Hahn & Co. is considering purchasing shares in the company from U.S. auto-parts maker Visteon Corp.