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Asia Stocks Head for Best Week Since April as China Shares Climb

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Asian stocks headed for the biggest weekly gain since April, led by Chinese shares amid speculation banks will support the market and as the increased likelihood of an end to Greece’s debt crisis bolstered global equities.

The Shanghai Composite Index advanced 3.5 percent. China Securities Finance Corp., a state-backed agency that provides margin finance and liquidity to the stock market, has as much as 3 trillion yuan ($483 billion) on tap to support shares, people familiar with matter said on Friday. Taiwan Semiconductor Manufacturing Co. climbed 2.6 percent in Taipei after profit topped estimates, leading technology firms to the biggest advance on the regional gauge.