• Asia Pacific stocks close:

Market news

8 August 2012

Asia Pacific stocks close:

 

 

Asian stocks rose, with the regional benchmark index trading near a three-month high, on speculation central banks from the U.S. to China will take steps to boost growth and after companies including Chimei Innolux Corp. beat estimates.

Nikkei 225 8,881.16 +77.85 +0.88%

S&P/ASX 200 4,312.56 +21.00 +0.49%

Shanghai Composite 2,160.99 +3.37 +0.16%

Kawasaki Kisen Kaisha Ltd. paced gains among Japanese shipping lines, rising 3.6 percent, before a report tomorrow expected to show inflation slowing in China, making room for policy easing in the world’s biggest commodities market.

Sumco Corp. and other chip-related companies advanced after Goldman Sachs Group Inc. boosted its outlook for the U.S. semiconductor industry.

Chimei Innolux gained 7 percent in Taiwan after the display maker reported a smaller-than-expected loss.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.