The most Asian stock
indices increased, following U.S. equity indexes. The Dow Jones and S&P 500
closed at all-time highs, supported by expectation that U.S. economy is
improving.
The
weaker-than-expected economic data in China had a negative impact on stock markets. Retail
sales in China increased 11.9% in April, from a 12.2% rise in March. Analysts
had expected an increase of 12.2%. China’s industrial production rose 8.7% in
April, from an 8.8% rise in March. Analysts had forecasted an increase of 8.9%.
Fixed asset investment in China climbed 17.3% in April, from a 17.6% gain in
March. Analysts had expected a 17.8% rise.
The
Japanese index Nikkei 225 profited from the weak yen due to decreasing demand
for the safe-haven currency.
Indexes on
the close:
Nikkei
225 14,425.44 +275.92 +1.95%
Hang
Seng 22,352.38 +90.77 +0.41%
Shanghai
Composite 2,050.73
-2.14 -0.10%
Nissan
Motor Co. shares climbed 5.1%, beating estimates of its full-year profit.
Sharp increased
5.0% after the company forecast that the profit would nearly triple in the
current fiscal year.