Asian stocks outside Japan rose after data showed faster-than-estimated economic growth in the U.S. and the International Monetary Fund said it’s raising its outlook for the world’s largest economy.

Nikkei 225 Closed

S&P/ASX 200 5,291.95 +26.73 +0.51%

Shanghai Composite 2,089.71 +4.91 +0.24%

Hyundai Merchant Marine Co., Korea’s second-largest shipping company, surged 15 percent in Seoul after Hyundai Group said it plans to sell assets including financial units and its hotel business for at least 3.3 trillion won ($3.1 billion).

Echo Entertainment Group Ltd. advanced 6.1 percent in Sydney after a managing director of its Star casino resigned.

China Mobile Ltd. added 1.3 percent in Hong Kong after striking a deal with Apple Inc. to sell the iPhone in the world’s largest wireless market.