- Asia Pacific stocks close:
Market news
23 August 2012
Asia Pacific stocks close:
Asian stocks advanced, with the region’s benchmark index set for its highest close since May, on speculation central banks in the U.S. and China will ease monetary policy amid signs growth is slowing.
Nikkei 225 9,178.12 +46.38 +0.51%S&P/ASX 200 4,383.7 +7.66 +0.17%
Shanghai Composite 2,113.12 +5.40 +0.26%
Jiangxi Copper Co., the mainland’s biggest producer of the metal, climbed 3.2 percent in Hong Kong after the People’s Bank of China left the door open to more interest-rate cuts. Sinopharm Group Co. jumped 7.1 percent after first-half profit rose 22 percent at the nation’s No. 1 pharmaceuticals distributor. QR National Ltd. added 2.3 percent after Australia’s largest coal-train operator beat profit estimates.
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