Asian stocks rose for a fourth day as better-than-estimated economic reports from China to Japan and steps by European leaders to address the sovereign-debt crisis eased concern global growth is slowing.
Nikkei 225 9,003.48 -3.30 -0.04%
S&P/ASX 200 4,133 +38.37 +0.94%
Shanghai Composite 2,226.11 +0.68 +0.03%
BHP Billiton Ltd., the world’s largest mining company, climbed 1 percent after a gauge of Chinese manufacturing was stronger than expected.
TDK Corp., a Japanese manufacturer of electronic parts that gets almost 30 percent of its revenue from China, gained 2 percent.
Aristocrat Leisure Ltd., an Australian manufacturer of gaming machines, slumped 11 percent after reporting preliminary earnings for the first half of this year.