• Asia Pacific stocks close:

Market news

22 March 2012

Asia Pacific stocks close:

 

Asian stocks rose after Japan posted an unexpected trade surplus and as a survey that showed China’s manufacturing may contract this month stoked speculation the government may introduce more measures to bolster growth.

Nikkei 225 10,127.08 +40.59 +0.40%

Hang Seng 20,901.56 +44.93 +0.22%

S&P/ASX 200 4,273.68 +19.43 +0.46%

Shanghai Composite 2,375.77 -2.42 -0.10%

First Tractor Co., a Chinese maker of farm equipment, jumped 6 percent in Hong Kong after the mainland’s central bank cut reserve requirements to more branches of Agricultural Bank of China Ltd.

Samsung Electronics Co., Asia’s No.1 consumer- electronics maker that counts China as its biggest market, gained 1.3 percent in Seoul. Honda Motor Co., Japan’s second- largest carmaker, added 1.7 percent in Tokyo.

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