Asia Stocks Rise on Stimulus Speculation, Airlines Surge on Oil
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Asian stocks rose as Japan’s Topix advanced on a weaker yen after slowing inflation spurred stimulus bets. Energy shares dropped and airlines surged on plunging oil prices. China’s equity benchmark capped its biggest weekly gain in four years.
Toyota Motor Corp., which makes about 75 percent of revenue outside Japan, added 2.3 percent. Qantas Airways Ltd. jumped 7 percent while oil explorer Santos Ltd. plunged 13 percent in Sydney. China Citic Bank Corp. soared 8.9 percent in Hong Kong as lenders extended gains.