Asian Stocks Climb on U.S. Data, Global Stimulus Bets
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Asian stocks climbed, with the regional benchmark index touching the highest level since August 2011, after U.S. shares surged to a record as the service industry expanded at the fastest pace in a year and investors bet central banks will continue stimulus measures.
Toyota Motor Corp., a carmaker that gets 25 percent of its sales in North America, rose 2 percent in Tokyo. Sharp Corp. jumped 14 percent as the unprofitable Japanese television maker is said to be in talks to secure investment from Samsung Electronics Co. ZTE Corp. surged 8.9 percent in Hong Kong after China’s second-largest mobile-phone equipment maker said it’s collaborating with Intel Corp. on next-generation smartphones.