Asian Stocks Rise for Sixth Day as Samsung, Energy Shares Surge
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Asian stocks climbed, with the regional benchmark index heading for its highest close in six weeks, as energy shares advanced with oil headed for its longest rally in almost six months and Samsung Electronics Co. rallied after quarterly profit topped estimates.
Santos Ltd. jumped 12 percent in Sydney, leading gains among energy explorers. Samsung Electronics jumped 8.7 percent in Seoul after higher sales of chips and screen boosted earnings. Yamada Denki Co. surged 6.6 percent in Tokyo after Mitsubishi UFJ Morgan Stanley Securities Co. raised its rating on the Japanese electronics retailer.