(Bloomberg) -- Asian stocks climbed, driving
benchmarks in South Korea and Hong Kong to records, on takeover
speculation in the metals industry and higher commodity prices.
Rio Tinto Group climbed to a new high after a newspaper
report said it would bid for Alcan Inc. The world's No. 3 mining
company announced an offer after the close of trading in Australia.
South Korea's Posco led the region's steel producers higher after
Chaparral Steel Co. agreed to be bought for $4.22 billion.
Read more at Bloomberg Stocks News
benchmarks in South Korea and Hong Kong to records, on takeover
speculation in the metals industry and higher commodity prices.
Rio Tinto Group climbed to a new high after a newspaper
report said it would bid for Alcan Inc. The world's No. 3 mining
company announced an offer after the close of trading in Australia.
South Korea's Posco led the region's steel producers higher after
Chaparral Steel Co. agreed to be bought for $4.22 billion.
Read more at Bloomberg Stocks News
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