Asian Stocks Climb to One-Week High; Sumitomo Mitsui, BHP Billiton Rise

(Bloomberg) -- Asian stocks rose to the highest in a
week after Sumitomo Mitsui Financial Group Inc. forecast higher
profit this year and prices of metals and crude oil climbed.

Sumitomo Mitsui, Japan's No. 3 bank by assets, jumped by
the most in seven weeks after it predicted a 22 percent gain in
net income this year. BHP Billiton Ltd. advanced after copper
prices in New York surged the most in a month and oil rose to a
three-week high.


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