• Tuesday: Asia Pacific stocks close

Market news

28 May 2013

Tuesday: Asia Pacific stocks close

Asian stocks rose, ending a five-day losing streak for the regional equities benchmark, as a weakening yen boosted the earnings outlook for Japanese exporters and China Taiping Insurance Holdings Co. surged after saying it will buy its parent's assets.

Nikkei 225 14,311.98 +169.33 +1.20%

S&P/ASX 200 4,970.7 +10.84 +0.22%

Shanghai Composite 2,317.14 +24.07 +1.05%

China Taiping, the first overseas-listed Chinese insurer, jumped 13 percent in Hong Kong. Toyota Motor Corp., the world's biggest carmaker, climbed 4.9 percent in Tokyo.

Toho Holdings Co. lost 5.3 percent as the Japanese maker of medical equipment said it will raise funds to reinvestment in capital.

Tokyo Electric Power Co. sank 6 percent, leading Japanese utilities lower.

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.