Asian shares advance, Aussie climb after China data
February 12, 2014 9:37 am
On the sixth day, Asian stocks soared high while the Australian dollar strengthened to its highest peak in a month. The copper led profits in base metals after the Chinese trade outdone postulations. The South Korean won and Malaysian ringgit also ascended.
The MSCI Asia Pacific Index gained 1.2% as of 12:44 p.m. (Tokyo time). A benchmark of Chinese shares in Hong Kong got 1.4% and the Aussie flipped losses versus major peers. Standard & Poor’s 500 Index futures slightly changed following the gauge capped its largest four-day rally in more than a year. Copper increased 0.6%. The ringgit rose 0.3% before Malaysian economic-growth report and the won garnered 0.7%.
Chinese exports bounced 10.6% in January last year, eclipsing a valuation for a 0.1% profit, while imports advanced 10% and the trade surplus broadened. US economic growth has recouped and the Federal Reserve will keep on scaling back stimulus in measured steps, Fed Chairwoman Janet Yellen said yesterday. The US House of Representatives voted to halt the country’s debt limit until March 2015.
Japan, China
Around four stocks increased for each that dropped in the Asia-Pacific benchmark, with nine out of ten industry groups progressing. The Asian equity gauge is rebounding after diving 4.6% in January, its worst beginning to a year since 2009. The Topix index rose 1.7% in Tokyo after being shut yesterday for a holiday. South Korea’s Kospi index went up 0.4% and Australia’s S&P/ASX 200 Index accrued 0.8%.
Hong Kong’s Hang Seng Index (HSI) went up 1%, bouncing back since entering a correction this month to 4.3%. The Hang Seng China Enterprises Index prolonged yesterday’s 2.5% surge, with only one out of its 40 members decrementing.
The material has been provided by InstaForex Company – www.instaforex.com
On the sixth day, Asian stocks soared high while the Australian dollar strengthened to its highest peak in a month. The copper led profits in base metals after the Chinese trade outdone postulations. The South Korean won and Malaysian ringgit also ascended.
The MSCI Asia Pacific Index gained 1.2% as of 12:44 p.m. (Tokyo time). A benchmark of Chinese shares in Hong Kong got 1.4% and the Aussie flipped losses versus major peers. Standard & Poor’s 500 Index futures slightly changed following the gauge capped its largest four-day rally in more than a year. Copper increased 0.6%. The ringgit rose 0.3% before Malaysian economic-growth report and the won garnered 0.7%.
Chinese exports bounced 10.6% in January last year, eclipsing a valuation for a 0.1% profit, while imports advanced 10% and the trade surplus broadened. US economic growth has recouped and the Federal Reserve will keep on scaling back stimulus in measured steps, Fed Chairwoman Janet Yellen said yesterday. The US House of Representatives voted to halt the country’s debt limit until March 2015.
Japan, China
Around four stocks increased for each that dropped in the Asia-Pacific benchmark, with nine out of ten industry groups progressing. The Asian equity gauge is rebounding after diving 4.6% in January, its worst beginning to a year since 2009. The Topix index rose 1.7% in Tokyo after being shut yesterday for a holiday. South Korea’s Kospi index went up 0.4% and Australia’s S&P/ASX 200 Index accrued 0.8%.
Hong Kong’s Hang Seng Index (HSI) went up 1%, bouncing back since entering a correction this month to 4.3%. The Hang Seng China Enterprises Index prolonged yesterday’s 2.5% surge, with only one out of its 40 members decrementing.
The material has been provided by InstaForex Company – www.instaforex.com
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