Asian stocks advanced, with the regional benchmark index headed for the biggest two-day gain in a month, after U.S. industrial production beat estimates and Spain retained its investment-grade credit rating from Moody’s Investors Service.

Nikkei 225 8,806.55 +105.24 +1.21%

S&P/ASX 200 4,528.2 +36.70 +0.82%

Shanghai Composite 2,105.89 +7.08 +0.34%

Mobile-phone maker LG Electronics Inc., which gets about 45 percent of its sales from North America and Europe, rose 2.5 percent in Seoul.

Fujikon Industrial Holdings Ltd., which manufactures electronic products, surged 9.8 percent in Hong Kong after saying it expects first-half profit to rise.