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Asian Stocks Advance as Investors Weigh U.S. Shutdown
Asian stocks rose for a second day as investors speculated over the economic effects of the first partial U.S. government shutdown in 17 years. Samsung Electronics Co., a South Korean consumer electronics maker that gets 22 percent of its sales in America, gained 1.4 percent. Tokyo Electric Power Co., owner of the Japan’s crippled Fukushima Dai-Ichi nuclear power plant, rose 1.5 percent. The MSCI Asia Pacific Index advanced 0.3 percent to 139.23 at 9:22 a.m. in Tokyo. The U.S. government is in partial shutdown after lawmakers failed to agree on a federal budget. Congress also faces a dispute over raising the $16.7 ... (full story)