Asian Stocks Rise on U.S. Budget Remarks, Japan Stimulus

Asian stocks rose as U.S. lawmakers said they are optimistic a budget agreement can be reached to avoid automatic spending cuts and tax increases and Japan’s main opposition leader called for unlimited monetary policy easing.

Komatsu Ltd. (6301), which gets about a quarter of its sales in the U.S., gained 0.9 percent. Sky Network Television Ltd., New Zealand’s largest pay TV operator, jumped the most in more than six months in Wellington after the company announced payment of a special dividend.

Starpharma Holdings Ltd. (SPL) tumbled 35 percent in Sydney as the biotechnology company said it won’t file a drug application in the U.S. following a disappointing clinical trial for a new treatment.

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