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Companies team for technologies
TOKYO, Sept. 6 (UPI) -- Asian stocks rose Monday on news that Japan's capital spending jumped 10.7 percent, the Wall Street Journal reported.
In Tokyo, the Nikkei 225 closed up 221.88 points or 2 percent at 11,244.37, and in Hong Kong the Hang Seng rose 156.24 points or 1.2 percent to 13,104.34.
Canon, Honda and Toyota benefited from the robust 10.7 percent corporate-investment data, which eased concerns that the country's economic recovery might be stalling.
Tsuyoshi Segawa, equity strategist at Shinko Securities, said European investors were avid buyers in Tokyo, betting that Monday's numbers, a big part of growth figures, will lead to the Japanese government's upward revision of second-quarter gross-domestic-product figures.
Last month, the government reported April-June growth at 0.4 percent from the previous quarter, and a 1.7 percent annualized rate of growth.
The U.S. dollar fell to 110.10 from Friday's 110.60.
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