(Bloomberg) -- Asian stocks trading in the U.S. gained
after Rio Tinto Group said it plans to buy Alcan Inc., sparking
speculation more mergers will take place in the metals industry.
BHP Billiton, the world's largest mining company, rose.
The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, climbed 1.6 percent to
174.34, the highest since at least December 2001, when Bloomberg
began tracking the benchmark.
Read more at Bloomberg Stocks News
after Rio Tinto Group said it plans to buy Alcan Inc., sparking
speculation more mergers will take place in the metals industry.
BHP Billiton, the world's largest mining company, rose.
The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, climbed 1.6 percent to
174.34, the highest since at least December 2001, when Bloomberg
began tracking the benchmark.
Read more at Bloomberg Stocks News
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