Asian stocks climbed, with the regional benchmark index rising after two days of losses, amid speculation central bankers will continue stimulus measures and as China maintained its economic-growth target for 2013.
Nikkei 225 11,683.45 +31.16 +0.27%
Hang Seng 22,560.5 +22.69 +0.10%
S&P/ASX 200 5,075.36 +64.84 +1.29%
Shanghai Composite 2,326.31 +52.90 +2.33%
James Hardie Industries SE, a building-materials supplier that gets two-thirds of its sales from the U.S., rose 3.9 percent in Sydney.
SK Hynix Inc., the world’s second-largest maker of computer memory chips, added 3.9 percent in Seoul after Kiwoom Securities Co. said chip prices will continue to gain this month.
Fast Retailing Co., Asia’s biggest clothier, jumped 5.5 percent in Tokyo after reporting same-store sales at its Uniqlo outlets in Japan increased last month.