Asian Stocks Extends Weekly Gain on U.S. Earnings, Europe
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Asian stocks rose, with the regional benchmark index extending its first weekly gain in seven weeks, after U.S. earnings beat estimates and data signaled stronger European growth.
China Unicom (Hong Kong) Ltd., the mainland’s second-largest mobile carrier, rose 1.3 percent in Hong Kong after reporting its nine-month profit grew. Fujifilm Holdings Corp. gained 2.5 percent in Tokyo after saying its Avigan drug may be included among experimental Ebola treatments to be tested by aid group Doctors Without Borders. Hitachi Ltd. added 3.6 percent in Tokyo after preliminary profit beat its forecast.