Asian stocks rose as declines in Japanese consumer prices added to the case for more monetary stimulus, boosting the Topix Index to cap its longest weekly winning streak in 40 years. Shares also gained after U.S. jobless claims fell to a five-year low.

Nikkei 225 10,926.65 +305.78 +2.88%

Hang Seng 23,580.43 -18.47 -0.08%

S&P/ASX 200 4,835.17 +24.95 +0.52%

Shanghai Composite 2,291.3 -11.29 -0.49%

Sony Corp. rose 8.5 percent in Tokyo on a report it may sell its lithium battery business.

Karoon Gas Australia Ltd. (KAR) gained 14 percent after the explorer said it discovered oil in Brazil.

Great Eagle Holdings Ltd. added 14 percent after the real estate company proposed a spin-off of its Hong Kong hotels.