• Asia Pacific stocks close

Market news

12 August 2013

Asia Pacific stocks close

Asian stocks outside Japan rose as Chinese property developers and commodities companies climbed. Japanese shares fell after growth in the world’s third-largest economy slowed more than forecast.

Nikkei 225 13,519.43 -95.76 -0.70%

Hang Seng 22,224.9 +417.34 +1.91%

S&P/ASX 200 5,108.65 +53.44 +1.06%

Shanghai Composite 2,101.28 +49.05 +2.39%

Raw-materials suppliers led gains on the regional equities index, with BHP Billiton Ltd., the world’s biggest miner, jumping 2.4 percent in Sydney.

China Resources Land Ltd., the second-largest mainland developer traded in Hong Kong, rose 2.5 percent amid speculation the government will relax a ban on companies raising funds through share sales.

Bridgestone Corp., Japan’s No. 1 tiremaker, advanced 2.8 percent after raising its full-year profit forecast.



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