• Asia Pacific stocks close

Market news

7 February 2014

Asia Pacific stocks close

Asian stocks rose, with the regional benchmark index paring its sixth straight weekly loss, as U.S. jobless claims fell and investors weighed company earnings.

Nikkei 225 14,462.41 +307.29 +2.17%

S&P/ASX 200 5,166.53 +35.13 +0.68%

Shanghai Composite Closed

Honda Motor Co., a Japanese carmaker that gets almost half its revenue in North America, added 2.9 percent.

Sony Corp. climbed 4.1 percent in Tokyo after the electronics maker announced job cuts and a reorganization.

Aurora Oil & Gas Ltd. surged 56 percent in Sydney after Baytex Energy Corp., a Canadian producer of heavy crude oil, agreed to buy the company.

GS Engineering & Construction Corp. slumped 15 percent in Seoul after the contractor said it’s considering a share sale.

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