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Asian Stocks Rise as Energy Shares Gain; China Equities Slide

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Asian stocks rose, with the regional benchmark index heading to a one-week high, as energy shares led the advance. Chinese equities declined after economic data suggested a sluggish response to stimulus.

Inpex Corp. climbed 1.6 percent in Tokyo, pacing gains among energy explorers as crude oil futures extended gains above $61 a barrel. Santen Pharmaceutical Co. surged 14 percent after Nomura Holdings Inc. raised its rating to buy. Huaneng Power International Inc. sank 4.4 percent as Chinese utilities slid. China Resources Land Ltd. plunged 6.3 percent in Hong Kong after the state-owned developer raised $1.3 billion in a share sale.