Asian stocks rose, with the regional benchmark heading for a four-month high, after data showed U.S. manufacturing expanded and as the yen held yesterday’s losses.
Japan’s Topix index rose 0.9%, the Nikkei 225 added 0.9% and South Korea’s Kospi index rose 0.1%, Australia’s S&P/ASX 200 Index rose 0.2% and New Zealand’s NZX 50 Index added 0.4%.
Hong Kong’s Hang Seng Index added 0.1% and the Shanghai Composite Index gained 0.5%.
Li & Fung climbed 2.3%.
Sunac China jumped 7.4% after it agreed to pay HK$6.3 billion ($813 million) for a 24.3% stake in Greentown China, which soared 6.2%.
China Overseas Land & Investment Ltd., the largest mainland developer listed in Hong Kong, rose 5.8%. China Resources Land Ltd. added 4.9%.
Takeda Pharmaceutical gained 1.6%. A jury in Las Vegas yesterday agreed with the company that Actos didn’t cause the women’s disease, handing Takeda its fifth victory from six cases that have gone to trial over the drug’s alleged link to bladder cancer.
Mitsui Fudosan Co. and Mitsubishi Estate Co., Japan’s biggest developers, climbed at least 1.7%.
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