BEIJING (AP) -- Asian stocks rose today after U.S. markets gained on stronger corporate profits and China reported a rebound in economic growth in the latest quarter.
U.S. stocks rose Friday on unexpectedly strong profits from General Electric Co., Morgan Stanley and other companies. Google surged nearly 14 percent, topping $1,000 a share for the first time.
Investors appeared to put behind them concern over U.S. government finances after political leaders agreed to end a 16-day partial shutdown of official services.
Also Friday, investors were encouraged by China's report that economic growth accelerated to 7.8 percent in the three months ended in September, up from the previous quarter's 7.5 percent.
The dollar gained against the euro and the yen. Benchmark crude oil rose slightly to near $101 per barrel.