Asian Stocks Rise Most in Three Weeks on U.S. Debt Talk
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Asian stocks rose the most in three weeks amid optimism U.S. lawmakers will lift the debt limit and avoid a default.
Great Wall Motor Co. added 2.8 percent in Hong Kong after the carmaker reported sales increased last month. Westpac Banking Corp. contributed the most to the regional benchmark’s advance, gaining 2.5 percent in Sydney after agreeing to buy Lloyds Banking Group Plc’s assets in Australia. Fast Retailing Co., Asia’s largest clothing retailer, fell 3.2 percent in Tokyo after forecasting profit that missed analyst estimates.