Stay connected:
Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a651854
Overnight Markets: Economic reports push S&P 500 to five-year high
Markets
by Himanshu Singh on Jan 18, 2013 at 03:51
In Asia, shares gained on Friday in afternoon trade after an upbeat Chinese economic data confirmed a recovery was on track in the world's second largest economy and the yen traded near a 30-month low.
The MSCI Asia Pacific Index gained 0.9% to 132 as of 12:42 p.m. Tokyo time. China’s Shanghai Composite Index gained 0.6%, while Hong Kong’s Hang Seng Index rose 0.8%. The Nikkei 225 Stock Average jumped 2.6%, heading for its longest streak of weekly gains since April 1987.
South Korea’s Kospi Index added 0.4%, while Taiwan’s Taiex Index climbed 1%. Australia’s S&P/ASX 200 Index gained 0.3%.
News sponsored by:
Subscribe to Wealth Manager to get the inside track on your rivals' moves
Keep up to date with how your peers are allocating their clients' assets by subscribing to Wealth Manager magazine.
Today's top headlines
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
Click here to find out more from the Audience Development team.
leave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.