Thursday, September 9, 2010

Asian Stocks Rise on Improved US, Europe Confidence

Asian stock markets edged higher on Thursday, buoyed by greater confidence in the United States and Europe. Tokyo’s Nikkei index closed up 0.82 percent, or 73.79 points, at 9,098.39, led by trading companies such as Sumitomo Corporation and Mitsubishi Corporation, as well as exporters including Canon and Mazda. The Topix index of first-section shares was up 0.71 percent.

Sydney’s S&P/ASX 200 index closed up 0.99 percent, or 45 points, at 4,582.2 and Seoul’s Kospi index ended up 0.29 percent, or 5.14 points, at 1,784.36. Manila surged 2.57 percent, or 97.83 points, to a record high of 3,902.56.

Hong Kong’s Hang Seng index was up 0.42 percent in the afternoon, although Shanghai fell 1.32 percent amid fears of further measures to rein in the property market and tighten banking regulation.

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