Asian stocks advanced for the first time in three days as new-home construction in the U.S. jumped more than forecast, the International Monetary Fund raised its forecast for Japanese growth and the yen weakened.
Nikkei 225 13,382.89 +161.45 +1.22%
Hang Seng 21,746.88 +74.85 +0.35%
S&P/ASX 200 5,004.6 +53.75 +1.09%
Shanghai Composite 2,192.16 -2.69 -0.12%
Toyota Motor Corp., the world’s largest carmaker, advanced 1.8 percent as a weakening yen boosted the earnings outlook for exporters.
Advantest Corp. paced increases in Tokyo among makers of semiconductor equipment after Intel Corp. forecast second- quarter sales that would exceed some analysts’ estimates.
Nomura Holdings Inc., Japan’s largest brokerage, sank 2.3 percent as Italian prosecutors said they aim to seize 1.8 billion euros ($2.4 billion) of its assets as part of a probe into Banca Monte dei Paschi di Siena SpA’s.