(Bloomberg) -- Asian stocks rose, pushing a regional
benchmark to a record, spurred by Rio Tinto Group's $38 billion
bid for Alcan Inc. and higher sales at U.S. retailers.
BHP Billiton Ltd. climbed and Posco surged as much as 11
percent after Rio's offer. Samsung Electronics Co. jumped after
reporting better-than-expected earnings and a newspaper said
billionaire investor Carl Icahn may be planning a hostile bid.
South Korea's Kospi index, the region's best performer in the
past three months, advanced 2 percent to a new high.
Read more at Bloomberg Stocks News
benchmark to a record, spurred by Rio Tinto Group's $38 billion
bid for Alcan Inc. and higher sales at U.S. retailers.
BHP Billiton Ltd. climbed and Posco surged as much as 11
percent after Rio's offer. Samsung Electronics Co. jumped after
reporting better-than-expected earnings and a newspaper said
billionaire investor Carl Icahn may be planning a hostile bid.
South Korea's Kospi index, the region's best performer in the
past three months, advanced 2 percent to a new high.
Read more at Bloomberg Stocks News
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