Asian stocks reach 4-month high

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Source: Reuters
© Scanpix/Reuters
Asian stocks rose to the highest level in four months on Wednesday, with Chinese equities climbing on hopes for stable economic growth. The MSCI Asia-Pacific Index excluding Japan gained 0.8%, Hong Kong shares added 1.5%, Australia's stocks jumped 0.4% and Japan's Nikkei Stock Average erased losses earlier to end up 0.4%. 
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