- Published on Tuesday, 03 April 2012 02:16
- Written by Bloomberg.com
Asian stocks rose for a third day after U.S. manufacturing grew more than forecast and an index of China’s service sector gained, boosting investor confidence in the global economy.
Billabong International Ltd., a surfwear maker that gets about 50 percent of its sales in the Americas, advanced 0.9 percent in Sydney. China Mobile Ltd. led gains in Hong Kong stocks after the index of mainland service companies rose to a six-month high. Honda Motor Co. (7267) and other Japanese exporters fell after the yen surged to a three-week high against the dollar, damping the earnings outlook. Full Story