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Asian Stocks Advance From Three-Month Low as China Shares Surge

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Asian stocks rose from a three-month low, led by the biggest surge in Chinese shares since 2009, amid speculation the government will take steps to prevent further losses and as investors watched developments in Greece.

Haitian International Holdings Ltd. surged as much as 14 percent in Hong Kong before the maker of machine parts plunged in the final minutes of trading to close 6.9 percent higher. Kathmandu Holdings Ltd. soared 26 percent in Sydney, the steepest rise on Australia’s S&P/ASX 200 Index, after New Zealand retailer Briscoe Group Ltd. said it will make a takeover bid for the adventure clothing chain.