Most Asian stocks rose, snapping a three-day loss on the regional benchmark index, as a gauge of mainland Chinese shares traded in Hong Kong headed for its biggest weekly advance in two years.

Nikkei 225 15,381.72 +16.12 +0.10%

Hang Seng 23,696.28 +115.99 +0.49%

S&P/ASX 200 5,335.91 +47.59 +0.90%

Shanghai Composite 2,196.38 -9.39 -0.43%

Glorious Property Holdings Ltd. soared by a record 33 percent in Hong Kong after Chinese billionaire Zhang Zhirong offered as much as HK$4.57 billion ($589 million) to take the real-estate developer private.

SoftBank Corp. closed at a 13-year high after a person familiar with the matter said Daniel Loeb’s Third Point LLC hedge fund has taken a stake of more than $1 billion in the Japanese wireless carrier.

Toyota Motor Corp., Asia’s largest carmaker, advanced 1 percent in Tokyo.