(Bloomberg) -- Asian stocks climbed to a record, led by Canon Inc. and Samsung Electronics Co., on speculation slowing U.S. jobs growth and wage increases will prompt the Federal Reserve to cut borrowing costs in the region's biggest export market.
``Investors switched to the view that a rate cut may happen sooner than they anticipated and that boosted shares,'' said Kenji Tomida, who oversees $16 billion as chief fund manager at T&D Asset Management Co. in Tokyo. ``The data increased expectations that the U.S. economy will expand with inflation under control.''
Read more at Bloomberg Stocks News
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