Asian stocks rose after confidence in the U.S. housing industry climbed to the highest level in seven months and tensions eased over global political conflicts. Hong Kong shares climbed to a six-year high.
The Nikkei 225 in Tokyo scaled higher 127.19 points, or 0.8%, to 15,449.79, running its streak to seven straight sessions.
The Hang Seng Index in Hong Kong vaulted 167.49 points, or 0.7%, to 25,122.95. The Hang Seng Index closed above 25,000 for the first time since May 2008.
Amcor Ltd. rallied 4.6% in Sydney as the packaging firm posted earnings that topped analyst estimates.
Terumo Corp. advanced 3.5% after Credit Suisse Group AG upgraded shares of the Japanese medical-equipment maker. Credit Suisse upgraded the shares to outperform from neutral, citing an expected improvement in profit margins at its hospital business as costs are cut.
Don Quijote Holdings Co. sank 3.7% in Tokyo, the largest drop on the regional benchmark gauge, after the discount-store owner forecast little change in profit.
Dick Smith Holdings surged 8.8% after the Australian electronics retailer said it will open about 20 stores next year.
China Medical System Holdings Ltd. surged 8.8% in Hong Kong after the maker of pharmaceutical equipment said net income in the first half climbed 31% from a year earlier.
Galaxy Entertainment Group Ltd. rose 3.4%. The Macau casino operator that made Lui Che Woo a billionaire reported second-quarter earnings that beat analyst estimates as mass-market gamblers offset a slowdown in high rollers’ wagers.
In other markets;
The Shanghai CSI 300 index nicked higher 0.21 points to 2,374.77.
In Singapore, the Straits Times STI Index recovered 3.65 points, or 0.1%, to 3,316.43.
In Korea, the Kospi index gained 18.01, or 0.9%, to 2,071.14
The Taiex Index in Taiwan regained 102.47 points, or 1.1%, to 9,243.78
In New Zealand, the NZX 50 improved 43.09 points, or 0.9%, to 5,114.21
Australia’s S&P/ASX 200 picked up 36.68 points, or 0.7%, to 5,623.78
