Asian Stocks Rise after China Services Jumped

Asian stocks rose, led by material and energy shares, after a gauge of China’s services industries jumped and as investors watched for progress on ending a budget impasse that has shut down the U.S. government.

Newcrest Mining Ltd., Australia’s biggest gold producer, added 3.2 percent as material shares gained the most among the 10 industry groups on the benchmark regional index. PetroChina Co. climbed 1.6 percent in Hong Kong. Leighton Holdings Ltd., an Australian developer, slumped 9.3 percent after saying it’s unaware of any new allegations or ethics breaches in a statement responding to newspaper reports.

The MSCI Asia Pacific Index added 0.3 percent to 139.12 as of 11:46 a.m. in Tokyo, with nine of the 10 industry groups rising. The U.S. government has been in partial shutdown for two days after lawmakers failed to agree on a federal budget. President Barack Obama summoned the top four leaders of Congress to the White House for the first high-level talks on reopening the government and raising the debt ceiling.


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