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Asian Stocks Rise on U.S. Budget Remarks, Japan Stimulus

Posted by Forexsq 175 days ago (http://www.bloomberg.com)

Asian stocks rose as U.S. lawmakers said they’re optimistic for an agreement to avoid automatic spending cuts and tax increases and as the leader of Japan’s opposition party called for unlimited monetary policy easing.

Honda Motor Co., a carmaker that gets 44 percent of its sales in North America, gained 2 percent in Tokyo. Sky Network Television Ltd., New Zealand’s largest pay-TV operator, jumped the most in more than a year in Wellington after announcing a special dividend. Starpharma Holdings Ltd. (SPL) tumbled 29 percent in Sydney after the biotechnology company said it won’t file an application for a new drug in the U.S. after a disappointing clinical trial.