вторник, 21 января 2014 г.

ASIA STOCKS closed mixed (stock market)

Japanese stocks closed higher Tuesday, with the Nikkei Stock Average picked up 0.7% to 15,751.56, and the broader Topix tacked on 0.3% to 1,297.66, with the U.S. dollar climbing back above the 104-yen level. 

Strengthening in the dollar aided exporters, with shares of Nikon Corp. up 2.1%, Kyocera Corp. gaining 1.6% and Suzuki Motor Corp. higher by 1.2%.

In other action, shares of NEC Corp. rose 1.8% following a Nikkei newspaper report that the company is in late-stage discussions to sell Internet service provider Biglobe for roughly ¥70 billion ($666 million) to investment fund Industrial Partners.

Hong Kong stocks rose at the start of trading Tuesday, as mainland banks advanced. The Hang Seng Index edged up 0.4% and the Shanghai Composite Index rose 0.2%.


Mainland banks shined, after China's central bank said it has provided emergency funding support to commercial banks to meet demand for cash ahead of Chinese New Year. 

Agricultural Bank of China Ltd. rose 2.4%, and both Bank of China Ltd. and Industrial & Commercial Bank of China Ltd. gained 2.1%. 

Lenovo Group Ltd. climbed 3%, after the Chinese personal computer maker said it's in talks for a possible acquisition. News reports said Lenovo is talking to IBM about buying its low-end server business. 

Other technology shares also headed higher, as Tencent Holdings Ltd. added 0.8%, and software developer Kingsoft Corp. picked up 0.2%. 

Market heavyweight HSBC Holdings PLC slipped 0.1%, after it announced its subsidiary HSBC Bank Middle East Ltd. has agreed to sell its banking business in Jordan to Arab Jordan Investment Bank for an undisclosed amount. 

Stocks in Australia edged lower Tuesday, with an overnight pullback in most commodity prices weighing on mining issues. The S&P/ASX 200 shed 0.2%.


Citibank changed its 12-month stance on the global mining sector to bullish from neutral, its first such bullish call in three years, and this boosted BHP up 2.5% and Rio ahead by 1.7%.

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