Asian stocks rose, extending a two-month high, after
Premier Li Keqiang said China’s economic growth won’t be less than 7
percent and as U.S. housing data damped concerns the Federal Reserve
will reduce stimulus.
The MSCI Asia Pacific Index climbed 1% to 137.37.
The Shanghai Composite Index (SHCOMP) jumped 2%. China’s
“bottom line” for gross domestic product growth is 7% and the nation
can’t let growth go below that, Beijing News reported today, citing
Premier Li’s comments at a recent meeting with economists and business
people.
The Hang Seng China Enterprises Index of mainland companies
traded in Hong Kong added 3.9%, its biggest gain since Jan. 2. The
benchmark Hang Seng Index gained 2.3%, its largest rally since July 11.
Japan’s Topix (TPX) index added 0.5%, while the benchmark
Nikkei 225 Stock Average climbed 0.8%. South Korea’s Kospi index jumped
1.3% and Australia’s S&P/ASX 200 Index rose 0.3%. New Zealand’s NZX
50 Index advanced 0.6%, Taiwan’s Taiex Index (TWSE) gained 1.4% and
Singapore’s Straits Times Index increased 0.5 %.
Industrial & Commercial Bank of China Ltd., the world’s
second-biggest lender by market value, jumped 4.9% in Hong Kong.
Samsung Electronics Co., the largest maker of smartphones, rose 2.7% in
Seoul. Nippon Steel & Sumitomo Metal Corp. (5401) climbed 3.3% in
Tokyo after the Nikkei newspaper reported the No. 1 steelmaker by value
agreed to a 10% price increase with Toyota Motor Corp.
Комментариев нет:
Отправить комментарий