Asian stocks rose, with the regional benchmark index to be created was to extend its longest winning streak in the record of the week after the initial applications fell for unemployment in the U.S. and European leaders have accelerated agreed to a relief fund offer permanent debt crisis in the region.
James Hardie Industries NV, which makes most of its revenue from the fields of home sales in the U.S. increased by 1.4 percent in Sydney. HSBC Holdings PLC (HSBA), the largest bank in europe by market capitalization rose by 1.6 percent in Hong Kong. Hyundai Motor Co. (005 380), South Korea’s No. 1 cars rose by 1.9 percent in Seoul after the sale in the U.S. rose last month. Kawasaki Kisen Kaisha Ltd. (9107), the third largest Japanese shipping company by sales rose by 7.6 percent in Tokyo as container cargo from Asia to Europe routes increased.
“The U.S. economy is headed in general, a slight recovery, and that is the support for stocks,” said Kiyoshi Ishigane, a Tokyo-based strategist at Mitsubishi UFJ Asset Management Co., Which oversees about $ 84 million. “The Greek debt crisis is not solved completely, but calmed down for now.”
The MSCI Asia Pacific Index (MXAP) rose by 0.2 percent to 128.18 at 05.44 clocks from Tokyo. The indicator is directed to a gain of 0.2 percent for the week and 10 weeks in his winning streak, the longest running streak since its inception in 1988. The shares rose amid optimism about the strength of economic recovery in the U.S. and China to relax its monetary policy.
Japan’s Nikkei 225 Stock Average Rating (NKY) rose by 0.7 percent. The volumes traded in Tokyo where the recovery in equity markets in the country has joined. The average of 25 days after the trip of the value of the shares on the Tokyo Stock Exchange (TAV1S) ‘is acting on the first section has more than 2 billion yen (€ 24.5 billion) 15 February increased for the first time since the earthquake last year’s record.
Hong Kong, Shanghai
S & P to Australia / ASX 200 Index rose by 0.4 percent and the Kospi index in South Korea by 0.2 percent.
Hong Kong Hang Seng Index (HSI) rose by 0.8 percent and China’s Shanghai Composite Index rose by 1.4 percent, while the take over speculation that government policies can do to support economic growth in Congress National next week.
The MSCI Asia Pacific grew by 12 percent this year through yesterday, compared with a rise of 9.3 percent for the S & P 500 rose 9.2 percent in the Stoxx Europe 600 index. Reference stocks in Asia at 14.9 times estimated earnings, on average, estimated, compared with 13.2 times for the S & P 500 and 11.1 times for the 600th Stoxx
Futures on the Standard & Poors 500 (SPXL1) fell by 0.2 per cent today after the index rose by 0.6 percent to its highest level since June 2008 in New York yesterday after a report showed the government the number of Americans filing initial applications to unemployment benefits to a four-year contract was screaming, the higher the labor market is healing.
Debt in Europe
James Hardie rose 1.4 percent to $ 7.43 in Sydney. Yue Yuen Industrial Holdings Ltd., Which makes shoes for Nike Inc., rose by 2.9 percent to HK $ 27 in Hong Kong.
In Europe, governments can pay the first two annual installments of about 500 million € 666 billion) of funds for this year and complete the capitalization in 2015, a year earlier. The decision will come later today.
HSBC rose 1.6 percent to HK $ 70.30 in Hong Kong, Esprit Holdings Ltd., A clothing manufacturer as listed in Hong Kong, which is about 80 percent of total sales in Europe rose by 6.4 percent to HK $ 19.26 .
Hyundai Motor rose 1.9 percent to 220,000 won in Seoul, while Kia Motors Corp. (00 270), an exporter of cars in South Korea rose by 1.4 percent to 71.700 won. The companies together have a total of 26 percent jump in U.S. sales in February compared to last year.
Shippers
Kawasaki Kisen rose by 7.6 percent to 184 yen in Tokyo, while Nippon Yusen KK, the Japan’s largest exporter by sales, rose 2.9 percent to 246 yen. The freight rates between Europe and Asia, more than twice this week, according to estimates by Drewry Shipping Consultants Ltd.
“There was a slight improvement in the U.S. economy,” said Stephen Wood, senior currency strategist in New York, the most important market for the investments of Russell, on Bloomberg Television. “Since Europe cannot remain in the headlines. Investors can focus on what matters.”
Yuexiu Property Co. (123), a developer, Hong Kong receives almost all its revenue from China grew by 13 percent to HK $ 1.70 in Hong Kong after it said its profit for the year ended 31December increased 459 percent to 5.14 billion yuan (816 million U.S. dollars) last year.
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