Stay connected:
Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a662097
Overnight Markets: US stocks jump on upbeat housing data
Markets
by Himanshu Singh on Feb 28, 2013 at 03:43
In Asia, shares gained on Thursday as better-than-estimated US economic data bolstered confidence in the global recovery.
The MSCI Asia Pacific Index climbed 0.9% to 134 as of 10:35 a.m. in Tokyo. Japan’s Nikkei 225 Stock Average advanced 1.9% after a report showed the nation’s industrial production rose for a second month in January. South Korea’s Kospi Index increased 1% even as the country’s factory output unexpectedly dropped last month.
Australia’s ASX 200 Index gained 0.7%, while New Zealand NZX 50 Index added 0.8% and Singapore’s Straits Times Index rose 0.4 percent. Hong Kong’s Hang Seng Index increased 0.9% and China’s Shanghai Composite Index advanced 0.1%.
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.