• Asia Pacific stocks close:

Market news

16 October 2012

Asia Pacific stocks close:

 

 

Asian stocks rose, with the regional benchmark index headed for the biggest gain in two weeks, as exporters advanced after the U.S. reported better-than-expected retail sales. Asian banks followed gains among U.S. banks after Citigroup unexpectedly reported a third-quarter profit and a surge in bond-trading revenue. Financial shares accounted for 28 percent of the advance in the MSCI Asia Pacific Index today.

Nikkei 225 8,701.31 +123.38 +1.44%

S&P/ASX 200 4,491.5 +8.07 +0.18%

Shanghai Composite 2,095.19 -3.51 -0.17%

Samsung Electronics Co., which gets a fifth of its sales in Americas, rose 2.3 percent in Seoul.

Mizuho Financial Group Inc., Japan’s third-largest bank by market value, gained 1.6 percent, pacing gains among lenders after Citigroup Inc.’s profit beat estimates.

Softbank Corp. jumped 9.6 percent after Japan’s third-largest mobile-phone company agreed to acquire 70 percent of Sprint Nextel Corp. for $20.1 billion.


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.