Asian Stocks Rise on U.S. Optimism, BOJ Easing Prospects

Posted by Forexsq 680 days ago (http://www.bloomberg.com)
img Asian stocks rose, with the regional benchmark headed for the highest close since August 2011, amid confidence U.S. policy makers will reach a budget deal and the Bank of Japan will add to economic stimulus.

Canon Inc. (7751), a camera maker that gets 27 percent of its sales in the Americas, gained 6.5 percent. Mitsubishi UFJ Financial Group Inc. (8306), Japan’s biggest lender, jumped 6.1 percent on speculation the BOJ will add monetary easing tomorrow. Whitehaven Coal Ltd. added 8.1 percent in Sydney after confirming it had held talks with China Shenhua Energy Co. Japan’s steelmakers surged on speculation a new government will boost infrastructure spending.

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