• Asia Pacific stocks close

Market news

8 January 2014

Asia Pacific stocks close

Asian stocks rose, with the regional benchmark gauge on course for the first gain in five days, as the International Monetary Fund said it will raise its global economic growth forecast and the U.S. trade deficit narrowed.

Nikkei 225 16,121.45 +307.08 +1.94%

Hang Seng 23,003.22 +290.44 +1.28%

S&P/ASX 200 5,316.05 -0.94 -0.02%

Shanghai Composite 2,044.34 -2.98 -0.15%

Nintendo Co. jumped 11 percent in Tokyo after China lifted a 13-year ban on game consoles.

Belle International Holdings Ltd., China’s biggest seller of footwear, soared 11 percent in Hong Kong as Barclays Plc said the retailer may boost earnings.

Seven & I Holdings Co. jumped 6 percent in Tokyo after the supermarket chain’s operating profit beat analyst estimates.

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