Asian Stocks Advance as Stimulus Hopes Buoy Japanese Shares

  • Hong Kong shares erase 2016 losses to enter bull market
  • Malaysian equities decline amid alleged fraud at state fund

Asian stocks rose toward their highest closing level since November as expectations for a stimulus package lifted Japanese shares and better-than-anticipated corporate earnings in the U.S. eased concerns over global growth. Shares in Hong Kong entered a bull market.

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