Asian stocks rose as forecasts from Olympus Corp and Nissan Motor boosted confidence that the corporate earnings are recovering from the global recession.
Nissan gained 5.5% after predicting a narrower loss than analysts estimated.
Japanese benchmark index Nikkei gained 19.91 points, or 0.21%, to trade at 9,318.52.
Hong Kong`s Hang Seng index declined 55.82 points, or 0.33%, to trade at 17,097.82.
China`s Shanghai Composite advanced 1.67 points, or 0.06%, to trade at 2,619.84.
Taiwan`s Taiex index went up 56.43 points, or 0.88%, to trade at 6,488.98.
South Korea`s Kospi index increased 5.07 points, or 0.36%, to trade at 1,408.58.
Singapore`s Straits Times rose 1.51 points, or 0.07%, to trade at 2,179.64. (7.41 a.m., IST)
Wednesday, May 13, 2009
Asian stocks open on positive note
Posted by Admin at 9:59 AM
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