Asian Stocks Rise on Japan Easing Bets; Kospi Declines
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Japanese shares led Asian stocks higher after a contender for Bank of Japan governor said extra monetary easing can be justified this year. South Korea’s Kospi Index reversed gains as North Korea conducted a nuclear test.
Canon Inc., Japan’s largest camera maker that gets 80 percent of sales abroad, gained 2.2 percent as the yen touched the lowest level since May 2010. Dentsu Inc. soared 10 percent as nine-month operating profit climbed 24 percent. Nissan Motor Co. sank 3.8 percent after Japan’s second-biggest carmaker reported third-quarter profit that fell short of analyst estimates, with sales dropping in China.