“Asian stocks rose, with the regional benchmark index headed for a second month of advance, as the yen touched a 27-month low against the dollar on prospects for more stimulus andChina’s industrial companies’ profit gained.
Mazda Motor Corp. (7261), an automaker that gets 28 percent of its sales in North America, advanced 7.1 percent in Tokyo as newly installed premier said “bold’ monetary policy is one of the three pillars of his economic measures. Country Garden Holdings Co. (2007), a Chinese real estate developer, rose 3.4 percent in Hong Kong, whose equity market reopened after a two-day holiday. SK Telecom Co., the mobile telephone carrier among 119 companies trading without rights to year-end dividends on South Korea’s benchmark index, dropped 4.1 percent.
The MSCI Asia Pacific Index gained 0.4 percent to 129.01 at 6:49 p.m. in Tokyo. Almost two stocks rose for each that fell on the measure, which has advanced 13 percent this year. Japanese shares rose to their highest since just before last year’s record earthquake and tsunami…”
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