Asian stocks rose in Forex Mobile Trading after a report showed a significant growth in New York manufacturing, it boosted confidence that a recovery in USA will increase world corporate earnings.
Federal Reserve Bank of New York said its general economic index of manufacturing rose in June for an 11th consecutive month. Futures on the Standard & Poor’s 500 Index fell 0.2 percent.
Japan’s Nikkei 225 Stock Average rose 1.8 percent, the biggest increase among equity benchmarks in the Asia-Pacific region. Markets in Hong Kong, China and Taiwan were closed for a holiday.
Toyota Motor Corp., which gets about 28 percent of its sales from North America, increased 1.4 percent in Tokyo. BHP Billiton Ltd., the world’s biggest mining company, climbed 1.7 percent after commodity prices advanced.
Nintendo Co. jumped 4.6 percent after the company introduced a new handheld video-game player. Samsung Electronics Co., Asia’s largest chipmaker, rose 1.9.