Asian stocks rose, with industrial companies rising most as the regional equity gauge followed a rebound in U.S. shares. Japan’s Nikkei 225 Stock Average closed above 19,000 for the first time in almost 15 years.
Fanuc Corp. soared 13 percent. Bank of China Ltd. added 2.1 percent. Health-care stocks led declines among the regional gauge’s 10 industry groups today, with Eisai Co. dropping 5.3 percent.
The MSCI Asia Pacific Index advanced 0.2 percent to 144.13 as of 4:03 p.m. in Hong Kong, paring this week’s decline to 0.9 percent. The Standard & Poor’s 500 Index jumped 1.3 percent on Thursday as bets the Federal Reserve would push forward an interest-rate increase were tempered by a three-month drop in retail sales. The U.S. equity gauge fell earlier this week as a better-than-forecast jobs report fueled tightening concerns.
The Nikkei 225 surged 1.4 percent, closing at its highest since April 2000. Japan’s Topix index added 0.9 percent to cap an eight-week gain.
Source : Bloomberg