Asian stocks rose, with a regional index of shares outside Japan rebounding from the biggest loss yesterday since August.

Nikkei 225 Closed

S&P/ASX 200 5,338.08 +44.08 +0.83%

Shanghai Composite 2,047.62 +54.14 +2.72%

Li & Fung Ltd. surged 18 percent in Hong Kong after the world’s largest supplier of clothes and toys to retailers reported profit that beat analyst estimates and proposed to spin off its branding and licensing business.

Gome Electrical Appliances Holding Ltd. gained 8.3 percent in the city as earnings exceeded forecasts.

Metcash Ltd. slumped 9.5 percent in Sydney after the consumer goods marketing firm missed profit projections and said it will cut its dividend.