Asian stocks rose, with the regional benchmark index extending its longest rally in nine months, after Tokyo won the rights to host the 2020 Olympics, China?s exports beat estimates and Australia elected a new government.

Agricultural Bank of China Ltd. advanced 4.6 percent, pacing gains among Chinese lenders. Mitsubishi Estate Co. jumped 4.7 percent as Japan?s biggest developer by market value may benefit from projects such as the Olympic Village complex that will house athletes. BHP Billiton Ltd., the world?s largest mining company, added 1.4 percent in Sydney on optimism the new Australian government will abolish a mining tax.

The MSCI Asia Pacific Index increased 1.4 percent to 135.56 as of 4:22 p.m. in Hong Kong, with almost six shares rising for each that fell. The gauge is heading for its eighth day of advance, its longest such rally since December. The measure last week posted the biggest weekly increase since April as data from China, the U.S. and Europe added to signs the global economy is recovering.

?Data from China has been pointing to a bit of stability,? Mark Lister, Wellington-based head of private wealth research at Craigs Investment Partners Ltd., said by telephone. ?Tokyo winning the right to host the Olympics is a positive for Japan as that will do a lot for tourism and growth.?

Japan?s Topix index jumped 2.2 percent to the highest closing level in a month. Tokyo?s winning bid to host the 2020 Olympics may drive construction and tourism stocks higher and boost consumer confidence, playing into Prime Minister Shinzo Abe?s plan to revive the world?s third-biggest economy.

Japanese Economy

The Topix extended this year?s surge to 36 percent, as Japanese equities perform the best among developed markets tracked by Bloomberg. Shares have jumped amid optimism Abe and the Bank of Japan can lead the country out of deflation with stimulus and reforms.

A report today showed Japan?s economy expanded a revised 3.8 percent in the second quarter on an annualized basis, up from an original estimate of 2.6 percent.

South Korea?s Kospi index gained 1 percent. Singapore?s Straits Times Index climbed 1.1 percent. Taiwan?s Taiex index added 0.3 percent. New Zealand?s NZX 50 Index increased 0.4 percent.

Hong Kong?s Hang Seng Index rose 0.6 percent and the Shanghai Composite Index climbed 3.4 percent as reports today showed China?s consumer inflation stayed below target for an eighth month while factory-gate prices fell by the least in six months in August, reflecting an economic pickup that leaves room for officials to add stimulus if needed.

China?s exports rose 7.2 percent in August from a year earlier, the General Administration of Customs said in Beijing yesterday. That compares with the 5.5 percent median estimate of 46 economists surveyed by Bloomberg News and July?s 5.1 percent gain.

Australian Election

Australia?s S& P/ASX 200 Index rose 0.7 percent. Tony Abbott?s Liberal-National coalition won Australia?s weekend election and is heading for the biggest parliamentary majority since at least 2004, ushering in a government pledging to abolish a carbon price and mining tax.

Chinese lenders advanced. Agricultural Bank of China increased 4.6 percent to HK$3.65 in Hong Kong. Industrial & Commercial Bank of China Ltd., the nation?s biggest lender, gained 2.1 percent to HK$5.39. Bank of China Ltd. rose 1.5 percent to HK$3.50.

Ping An Bank Co., the least capitalized of China?s 17 publicly traded lenders, jumped 10 percent to 12.13 yuan in Shenzhen after saying it plans to sell 14.8 billion yuan ($2.4 billion) of stock to its controlling shareholder Ping An Insurance Group Co. to bolster its financial strength.

Vinda International Holdings Ltd. surged 37 percent to HK$10.88, the most since July 2007. Sweden?s Svenska Cellulosa AB, Europe?s biggest private forest owner, offered to buy all outstanding Vinda stock in cash for HK$11 a share, about 38 percent more than the Chinese tissue maker?s last traded price before the announcement.

Relative Value

Shares on the MSCI Asia Pacific Index traded at 13.1 times estimated earnings on Sept. 6, compared with 15 times for the Standard & Poor?s 500 Index and 13.9 for Stoxx Europe 600 Index, according to data compiled by Bloomberg.

Japanese developers and construction companies led gains on the Topix. With the economy already rebounding from the impact of Abe?s reflationary policies, winning the rights to host the Olympics bolsters optimism that Japan will succeed in quelling deflation and stoking domestic demand.

Mitsubishi Estate climbed 4.7 percent to 2,825 yen in Tokyo. Mitsui Fudosan Co., the nation?s biggest developer by sales, jumped 6.4 percent to 3,430 yen. Taisei Corp., a building contractor, surged 14 percent to 463 yen.

Miners Rise

Australian miners rose. Abbott will have to negotiate with minor parties in the Senate to scrap carbon pricing and a mining tax after his coalition won the biggest lower house majority since at least 2004 in Australia?s election.

BHP Billiton gained 1.4 percent to A$35.64. Rio Tinto Group (RIO), the world?s second-largest mining company, added 1.4 percent to A$61.95.

Futures on the Standard & Poor?s 500 Index rose 0.3 percent today. The gauge closed little changed on Sept. 6 amid escalating tensions over Syria. American employers added 169,000 workers last month, missing the median forecast of 180,000 in a Bloomberg survey of 96 economists. The unemployment rate unexpectedly fell to 7.3 percent as more people left the labor force.

The Federal Reserve has said any reduction in stimulus will be tied to a sustained recovery in U.S. employment. The central bank will decide to cut its $85 billion in monthly bond purchases this month, according to 65 percent of economists surveyed by Bloomberg from Aug. 9-13. The Federal Open Market Committee holds a two-day meeting on Sept. 17-18.

?Markets have been strong so far this month, but we shouldn?t forget there are still quite a few risks out there,? Lister said. ?The Fed could do some tapering, perhaps in a smaller scale, and that could give headwinds to the market.?

U.S. stocks slid while oil extended gains and Treasuries rallied as Russian President Vladimir Putin said his nation will assist Syria if it?s attacked. Gold climbed while the dollar weakened against most peers.

The Standard & Poor?s 500 Index fell 0.6 percent to 1,645.91 at 10 a.m. in New York after climbing as much as 0.4 percent. U.S. 10-year yields fell 10 basis points to 2.91 percent after earlier reaching 3.005 percent. The Bloomberg U.S. Dollar Index slid 0.7 percent, with the yen appreciating 1.5 percent to 98.68 per dollar. Tin climbed almost 3 percent on concern about supply disruptions after Indonesia imposed new trading rules. Gold advanced 1.5 percent to $1,387.29 an ounce.

The S& P 500 turned lower as Putin said at the Group of 20 summit that a chemical attack in Syria was ?provocation? by rebels and Russia is already assisting Syria with arms shipments. Earlier gains in stocks and Treasuries came after U.S. nonfarm payrolls rose less than estimated, easing concern about the potential size of stimulus cuts when the Federal Reserve meets 17-18.

The gain of 169,000 workers last month followed a revised 104,000 rise in July that was smaller than initially estimated, Labor Department figures showed. The median forecast of 96 economists surveyed by Bloomberg called for an August increase of 180,000. Unemployment dropped to 7.3 percent, the lowest since December 2008.

Fed Bank of Chicago President Charles Evans, a voter on policy this year, said the central bank shouldn?t taper its $85 billion in monthly bond buying until inflation and economic growth pick up.

Asian stocks dropped, snapping a six-day advance and paring the regional benchmark index?s biggest weekly gain since July, as investors await the monthly U.S. jobs report.

Sumitomo Realty & Development Co. (8830) sank 1.4 percent as Japanese developers retreated ahead of a decision this weekend on whether Tokyo will host the 2020 Olympics. SoftBank Corp. (9984) fell 2.2 percent after competitor NTT DoCoMo Inc., Japan?s largest mobile-phone carrier, was said to be near an agreement to offer Apple Inc.?s iPhone. BBMG Corp. rose 2.6 percent in Hong Kong after the cement maker announced a share sale.

The MSCI Asia Pacific Index fell 0.1 percent to 133.21 as of 5:50 p.m. in Tokyo, on course to rise 2.2 percent this week for the biggest advance since period ended July 12. U.S. payrolls figures today may add to signs of an improving jobs market ahead of the Federal Reserve?s Sept. 17-18 meeting, when it will gauge whether the world?s biggest economy can withstand a reduction in unprecedented stimulus.

The jobs data today ?is a very important number because it is the number that Fed policy is benchmarked against,? Peter Esho, chief market analyst at Invast Securities Co., said by phone. ?A discussion around employment is going to drive the outcome of the Fed?s meeting later this month.?

Futures on the Standard & Poor?s 500 Index were little changed. Japan?s Topix index slid 0.9 percent. The MSCI Asia Pacific excluding Japan Index gained 0.2 percent, poised for a seven-day rally, the longest winning streak since December.

Hong Kong?s Hang Seng Index added 0.1 percent, while China?s Shanghai Composite climbed 0.8 percent. New Zealand?s NZX 50 Index slid 0.2 percent. South Korea?s Kospi index rose 0.2 percent. Singapore?s Straits Times Index added 0.3 percent.

Australian Election

Australia?s S& P/ASX 200 Index (AS51) gained 0.1 percent ahead of tomorrow?s election, which polls indicate will see Prime Minister Kevin Rudd?s minority Labor government lose to Tony Abbott?s Liberal-National coalition.

The MSCI Asia Pacific Index rose 3 percent this year through yesterday, trailing a 16 percent surge on the S& P 500. Benchmark gauges in Hong Kong and Singapore posted two of the three biggest declines among developed markets amid concern about China?s slowdown, while the region?s emerging markets were roiled by outflows as investors dumped risk assets.

Speculation the Federal Open Market Committee will dial down bond purchases at its meeting this month has pushed up U.S. bond yields and contributed to the worst rout in the currencies of developing nations in five years.

Claims (INJCJC) for U.S. unemployment benefits declined by 9,000 to 323,000 in the week ended Aug. 31, less than the lowest estimate of economists surveyed by Bloomberg. Another report showed companies boosted employment by 176,000 workers in August, according to the ADP Research Institute.

Payrolls Forecast

The number of workers on nonfarm payrolls in the U.S. probably increased 180,000 in August, compared with a gain of 162,000 for July, according to the median of 94 economists? estimates compiled by Bloomberg.

Japan?s Topix climbed 3.8 percent this week, extending this year?s surge to 34 percent, best among developed markets tracked by Bloomberg. Shares have jumped amid optimism Prime Minister Shinzo Abe and the Bank of Japan can lead the country out of deflation with stimulus and reforms.

China?s Shanghai Composite Index has declined 5.7 percent this year. Slower growth was a conscious choice by the government to allow it to adjust the nation?s economic structure, President Xi Jinping said Sept. 3.

Olympic Bid

Losses in Japan today were driven by real-estate and construction companies, which may suffer if Tokyo loses the vote to select the host of the 2020 Summer Games. Madrid?s bid has the support of 50 out of 98 members of the International Olympic Committee, Spanish newspaper El Mundo reported yesterday.

Sumitomo Realty slid 1.4 percent to 4,540 yen. Tokyu Land Corp. (8815) lost 3.2 percent to 960 yen.

SoftBank competitor DoCoMo is near an agreement with Apple to offer its iconic smartphone this year, people familiar with the situation told Bloomberg News. SoftBank slipped 2.2 percent to 6,380 yen. DoCoMo gained 0.6 percent to 160,500 yen.

BBMG advanced 2.6 percent to HK$5.45 on plans to raise about 2.8 billion yuan ($458 million) in a share sale to its parent and a fund.

Shipping companies extended this week?s surge after the Baltic Dry Index of commodity-shipping rates jumped yesterday to its highest level since January 2012. China Cosco Holdings Co. (1919), the nation?s biggest cargo line, advanced 1.3 percent to HK$3.91. China Shipping Development Co. rose 2.3 percent to HK$4.43.