Monday, August 18, 2008

Asian stocks advanced for the first time in five days,

Asian stocks advanced for the first time in five days, led by industrial and materials companies, after analysts raised their ratings for Komatsu and Sumitomo Metal Industries.

Japan's Nikkei 225 Stock Average added 1.7% to 13,240.95. Benchmarks rose in most other Asian markets open for trading except China. Indonesia and the Philippines are closed for holidays.

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