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Asian stocks gain on possibility of economic stimulus

By Bloomberg News in Sydney | China Daily | Updated: 2012-06-08 08:15

Asian stocks gain on possibility of economic stimulus

Asian stocks climbed as global policymakers signaled they may take steps to stimulate economic growth.

BHP Billiton Ltd, the world's largest mining company, advanced 1.5 percent in Sydney as Australian employment unexpectedly rose in May, driven by hiring amid the nation's minerals boom.

Mitsubishi Corp, the No 1 Japanese trading house, rose 1.2 percent and Komatsu Ltd, a mining-equipment maker, gained 2.1 percent in Tokyo as investors bought shares of companies with profits closely tied to economic growth.

Asian stocks gain on possibility of economic stimulus

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