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Asia Pacific stocks close:
Asian stocks rose, with the regional benchmark index on course for its biggest gain in almost five months, as China’s trade data beat estimates and investors speculated a bailout for Spain’s banks will help ease Europe’s debt crisis.
Nikkei 225 8,624.9 +165.64 +1.96%
S&P/ASX 200 4,063.7 -44.87 -1.09%
Shanghai Composite 2,305.86 +24.41 +1.07%
China Cosco Holdings Co. jumped 12 percent in Hong Kong as China’s rising imports and exports boosted prospects for shipping lines.
Canon Inc., a camera maker that gets about 31 percent of sales from Europe, rose 3.5 percent in Tokyo.
Sumco Corp. surged 14 percent after the maker of silicon wafers for semiconductors posted operating profit that beat estimates. Gauges of volatility fell across the region.
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