Asian stocks rose, reversing earlier declines on the
regional benchmark, as investors snapped up shares in China, now at the cheapest
valuation of the world’s top 10 stock markets. Commodities companies
climbed.
Raw-materials suppliers led gains on the regional equities index, with BHP Billiton Ltd. (BHP), the world’s biggest miner, jumping 2.7 percent in Sydney. Bridgestone Corp. (5108), Japan’s No. 1 tiremaker, advanced 4.9 percent after raising its full-year profit forecast. GCL-Poly Energy Holdings Ltd. fell 2 percent in Hong Kong after the world’s largest producer of polysilicon forecast a wider loss.
Raw-materials suppliers led gains on the regional equities index, with BHP Billiton Ltd. (BHP), the world’s biggest miner, jumping 2.7 percent in Sydney. Bridgestone Corp. (5108), Japan’s No. 1 tiremaker, advanced 4.9 percent after raising its full-year profit forecast. GCL-Poly Energy Holdings Ltd. fell 2 percent in Hong Kong after the world’s largest producer of polysilicon forecast a wider loss.
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