Asian stocks climbed, with the regional benchmark heading for the highest close in almost five years, after stronger-than-expected U.S. data. The yen rebounded from the lowest level since October 2008, while silver slumped to the cheapest in more than two years.
Asian stocks rose the first time in three days, with a regional gauge set for the highest close since June 2008, after U.S. consumer sentiment beat estimates and Tokyo Electric Power Co. led Japanese utilities higher.
Hong Kong stocks rose a third day, with the city’s benchmark index heading for a three-month high, after China developers gained on higher home prices and as U.S. leading indicators and consumer sentiment data signaled improvement in the world’s largest economy.
Asian stocks rose, with the regional benchmark index advancing for a second week, as Japan’s Nikkei 225 Stock Average closed above 15,000 for the first time since 2007 after the yen touched a 4 1/2-year low against the dollar.
Asian stocks fell, with the regional gauge retreating from a five-year high, as a drop in Japanese banks after forecasting lower earnings offset a report that Japan’s economy expanded faster than analysts estimated.
China Resources Enterprise Ltd.’s first-quarter profit fell 61 percent as the nation’s second- largest hypermarket operator was hurt by higher costs and a government push to curtail public expenditures.
Tencent Holdings Ltd., China’s largest Internet company, will introduce games aimed at mobile users of its WeChat messaging service in the next few months to boost revenue after posting profit that beat analyst estimates.