South Korean divers searched for survivors a day after a ferry sank, killing at least nine people and leaving 287 missing. Authorities are investigating the captain of the ship, as a coast guard official said the ferry had deviated from its scheduled route.
Asian stocks rose for a second day after U.S. industrial production increased more than forecast in March and Federal Reserve Chair Janet Yellen said the central bank remains committed to supporting the economic recovery.
The world’s largest retirement fund should seek to sell 25 trillion yen ($245 billion) of Japanese bonds as soon as possible, said the head of a panel that advised the government on overhauling pension investments.
GungHo Online Entertainment Inc., the game maker controlled by SoftBank Corp., rose the most in six months after the Nikkei newspaper said the developer’s quarterly profit jumped on “Puzzle & Dragons” sales.
Sony Corp.’s PlayStation 4 sales are proving a bright spot for Chief Executive Officer Kazuo Hirai who is cutting costs to spur a revival at a company hit by falling demand for televisions and cameras.