• Asia Pacific stocks close:

Market news

16 August 2012

Asia Pacific stocks close:

 

 

Asian stocks rose, with the region’s benchmark index poised to erase yesterday’s decline, after Chinese Premier Wen Jiabao said easing inflation allows more room to adjust monetary policy in the world’s second-largest economy. China’s state television reported Wen as saying there’s “growing room for monetary policy operation.” He said downward pressure on the economy remained “relatively large,” according to state radio.

Nikkei 225 9,092.76 +167.72 +1.88%
S&P/ASX 200 4,330.2 +48.98 +1.14%
Shanghai Composite 2,113.97 -4.97 -0.23%
Fanuc Corp., a maker of industrial robots used in Chinese factories, gained 4.3 percent in Tokyo.
Goodman Fielder Ltd. fell 1.8 percent after the Australian baker said it hasn’t received a takeover proposal from Wilmar International Ltd.
Daphne International Holdings Ltd. surged 8.4 percent in Hong Kong after first-half profit increased at the footwear maker.

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