Stocks climb for second day on signs of economic stability

Chinese mainland stocks advanced for a second day, with the benchmark index closing at a three-month high, on optimism the world's second-largest economy is stabilizing.

The Shanghai Composite Index closed 0.5 percent higher after swinging between gains and losses for most of the day.

Beijing Ultrapower Software Co and Haitian Flavoring & Food Co Ltd led gains in technology and consumer shares with gains of at least 2.8 percent.