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Asia Pacific stocks close
Asian stocks rose for a fourth day, with Japanese shares gaining as the yen weakened after a report showed machinery orders beat estimates and amid a report Prime Minister Shinzo Abe is considering a corporate-tax cut.
Nikkei 225 13,867 +347.57 +2.57%
Hang Seng 22,521.1 +249.82 +1.12%
S&P/ASX 200 5,157.7 +49.05 +0.96%
Shanghai Composite 2,106.16 +4.87 +0.23%
Honda Motor Co., which gets 83 percent of sales from overseas, increased 1.9 percent, pacing gains among Japanese exporters.
Sony Financial Holdings Inc., the financial services unit of electronics maker Sony Corp., jumped 2.8 percent in Tokyo after proposing a higher dividend.
Newcrest Mining Ltd. slipped 2.3 percent as brokers cut ratings on shares of Australia’s biggest gold producer.
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