China’s stocks climbed for the first time in five days as brokerages led gains among financial companies, while rising tensions over a new air defense zone spurred an advance for defense-related companies.
China’s stocks rose, sending the benchmark index to the steepest weekly gain in a month, after the Shanghai Securities News reported the city may reform state- owned enterprises and auto sales exceeded estimates last month.
China’s stocks rallied the most in three months, led by financial and commodity companies, on speculation the government will take measures to support economic growth after an unexpected drop in exports.
Chinese equities rose, with a benchmark gauge erasing losses this year, amid expectations for a recovery in the world’s second-largest economy. Japanese shares and rubber gained after the yen touched a 20-month low.