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Asia Pacific stocks close
Asian stocks traded at a four-month high as a weaker yen boosted Japanese exporters, while Indian stocks fell after the central bank unexpectedly raised its key interest rate.
Nikkei 225 14,742.42 -23.76 -0.16%
Hang Seng 23,502.51 +385.06 +1.67%
S&P/ASX 200 5,276.7 -18.85 -0.36%
Shanghai Composite 2,191.85 +6.29 +0.29%
Nikon Corp., a camera maker that gets 85 percent of sales outside Japan, climbed 6.4 percent in Tokyo.
Shiseido Co. surged 5.8 percent in Tokyo as Citigroup Inc. recommended buying shares of the cosmetics maker.
State Bank of India, the nation’s largest lender, dropped 5.6 percent.
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