Toyota Motor Corp. (7203), Asia’s biggest carmaker by market value, rose 1.5 percent. Mitsubishi UFJ Financial Group Inc. (8306), Japan’s biggest lender, advanced 1.7 percent. BHP Billiton Ltd. (BHP), Australia’s biggest oil producer, gained 0.6 percent after oil prices rose.

The MSCI Asia Pacific Index added 0.3 percent to 124.83 as of 9:22 a.m. in Tokyo, with more than four stocks rising for each that fell. Eight out of 10 industry groups in the measure advanced.

“Data over the last couple of months certainly showed improved momentum in the U.S. economy,” said Belinda Allen, a senior investment analyst at Colonial First State Global Asset Management in Sydney, which oversees about $145 billion.

To contact the reporter on this story: Yoshiaki Nohara in Tokyo at ynohara1@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

http://www.bloomberg.com/news/2012-03-08/asian-stocks-snap-three-day-loss-streak-on-u-s-jobs-data-greek-debt-swap.html

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