Asia stocks advance on U.S. housing permits rise

Source: Bloomberg
Asia's stocks climbed, with the region's benchmark index heading for its third weekly rise, as U.S. housing permits surged to the highest level in four years, weakening concerns about the depth of a global slowdown. The MSCI Asia Pacific Index gained 0.3% to 120.86. Almost five stocks rose for every three that dropped on gauge, set for the longest weekly winning streak since March.

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