• Asia Pacific stocks close:

Market news

29 August 2012

Asia Pacific stocks close:

 

 

Asian stocks rose, with the regional benchmark index heading for its first advance in four days, as investors await a report on U.S. economic growth and Federal Reserve Chairman Ben S. Bernanke’s speech on monetary policy this week.

Nikkei 225 9,069.81 +36.52 +0.40%

S&P/ASX 200 4,356.4 -2.98 -0.07%

Shanghai Composite -19.92 -0.96%

Renesas Electronics Corp. surged 35 percent in Tokyo after the Nikkei newspaper reported that Kohlberg Kravis Roberts & Co. will shares of the chipmaker.

Samsung Electronics Co., the world’s biggest mobile-phone maker, climbed 2.9 percent after a court hearing for a permanent ban on U.S. sales of its mobile devices was set down for hearing on Dec. 6.

Daikin Industries Ltd. slid 3.5 percent after a report the Japanese air- conditioner maker will buy Houston-based Goodman Global Inc.


 

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