Asian stocks rose for a second day after a slump in U.S. home sales eased speculation the Federal Reserve will reduce economic stimulus next month. Experts said, that any disappointing economic reading out of the U.S. will be interpreted as a sign that perhaps the economy is not ready for tapering in September and perhaps the Fed may hold off.
The MSCI Asia Pacific Index advanced 0.2% with eight of the 10 industry groups on the gauge rising. Japan’s Topix index slid 0.1% after swinging between gains and losses. Australia’s S&P/ASX 200 rose 0.2% and New Zealand’s NZX 50 Index gained 0.5%. South Korea’s Kospi Index increased 1%.
Hong Kong’s Hang Seng Index advanced 0.7%. The Shanghai Composite Index rose 1.6%. Taiwan’s Taiex Index added 0.3% and Singapore’s Straits Times Index gained 0.2%.
Belle International advanced 6.1% after the company reported first-half net income of 2.17 billion yuan versus an estimated 2.2 billion yuan after the close on Friday.
Newcrest Mining rose 4.9% to lead gains by gold producers after the metal touched its highest level in more than two months. Perseus Mining Ltd. gained 5.1%. Zhaojin Mining Industry Co. jumped 7.7%.
Tokyo Electric slid 6.9% to 473 yen, the lowest since May 13, as it searches for the cause of a leak at the Fukushima plant that prompted the biggest escalation in the nuclear crisis since the March 2011 disaster.
Shutting one of the two water filters compounds concern the utility is losing its two-year battle to manage the buildup of contaminated water at the Fukushima station.
BYD Co., the Chinese automaker partly owned by Warren Buffett’s Berkshire Hathaway Inc., slumped 8.8% after predicting the smallest quarterly profit in a year.
Комментариев нет:
Отправить комментарий