Skip to content
Subscriber Only

Asian Stocks Post Monthly Advance as Japanese Shares Rally

Updated on

Asian stocks rose, posting their biggest monthly gain since 2009, as Japanese shares rallied following a report the government is considering additional fiscal stimulus and the Bank of Japan kept its monetary policy unchanged.

Shionogi & Co. surged 11 percent in Tokyo after the Nikkei newspaper reported the drugmaker will release a one-day treatment for influenza in 2018. Nomura Real Estate Holdings Inc. advanced 9.8 percent after raising its full-year profit forecast. Macquarie Group Ltd. climbed 2 percent in Sydney after Australia’s largest investment bank reported first-half net income jumped 58 percent to a record. Asciano Ltd. rose 8.5 percent as a group led by Qube Holdings Ltd. offered to buy additional shares in the logistics company to block a rival bid from Brookfield Infrastructure Partners.