“Asian stocks rose, with a regional benchmark index climbing for a third straight day, after oil and metal prices advanced yesterday. Japanese shares gained as companies reported improving earnings and a weaker yen boosted exporters’ prospects.
BHP Billiton Ltd., the world’s biggest mining company, increased 1.7 percent in Sydney. S-Oil Corp. (010950) gained 2.5 percent, leading South Korean oil refiners higher in Seoulafter gasoline prices rose in New York. Sumitomo Rubber Industries Ltd., Japan’s second-largest tiremaker, jumped 4.9 percent in Tokyo after boosting its profit forecast. Toyota Motor Corp. and rival Honda Motor Co. advanced as the weaker yen bolstered their earnings outlook.”
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