• Asia Pacific stocks close:

Market news

16 March 2012

Asia Pacific stocks close:

 

Asian stocks swung between gains and losses as U.S. jobs and manufacturing data added to signs the world’s biggest economy is recovering. Gains were limited as Japanese exporters fell amid a rebound in the yen.

Nikkei 225 10,129.83 +6.55 +0.06%

Hang Seng 21,317.85 -35.68 -0.17%

S&P/ASX 200 4,276.16 -1.61 -0.04%

Shanghai Composite 2,404.74 +30.96 +1.30%

Li & Fung Ltd. rose 3.1 percent in Hong Kong after Goldman Sachs Group Inc. recommended buying shares of supplier to Wal- Mart Stores Inc.

Honda Motor Co., Japan’s second-largest carmaker by market value, dropped 0.6 percent.

Hyundai Wia Corp. slumped 5.1 percent in Seoul after South Korean automakers sold shares in the parts manufacturer at a discount.

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