• Asia Pacific stocks close

Market news

19 March 2014

Asia Pacific stocks close

Asia’s benchmark stock gauge fluctuated as investors weighed company earnings and awaited the Federal Reserve’s policy statement.

Nikkei 225 14,462.52 +51.25 +0.36%

S&P/ASX 200 5,355.6 +11.03 +0.21%

Shanghai Composite 2,021.73 -3.46 -0.17%

Kingsoft Corp. jumped 7.6 percent to head for a record close in Hong Kong after the computer-software maker posted earnings that beat estimates, while instant noodle-maker Uni-President China Holdings Ltd.  slumped 8 percent after its 2013 profit missed projections.

Country Garden Holdings Co. slid 3.4 percent in Hong Kong after the Chinese developer’s chief financial officer resigned.

Fanuc Corp. rose 3.2 percent in Tokyo after Credit Suisse Group AG said it’s a good time to buy the industrial-robot manufacturer’s shares.

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