Asian Stocks close: stocks closed higher, corporate earnings in focus

Market news

15 August 2014

Asian Stocks close: stocks closed higher, corporate earnings in focus

Asian stock indices closed higher in the subdued trade. Investors were focused on corporate earnings, and also weighed geopolitical tensions.

Chinese stocks traded higher due to speculation that the government in China will add stimulus measures to support the economy.

Trading on markets in Japan was subdued because of the Obon holidays.

BHP Billiton Ltd. shares rose 2.3% after reporting that the company may announce a spinoff of assets next week.

China Mobile Ltd. jumped 5.8% after Credit Suisse Group AG and Barclays Plc upgraded the company's stock.

Indexes on the close:

Nikkei 225 15,318.34 +3.77 +0.02%

Hang Seng 24,954.94 +153.58 +0.62%

Shanghai Composite 2,226.73 +20.27 +0.92%

UK gross domestic product grew at annual rate of 3.2% in the second quarter

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