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Overnight Markets: US stocks jump on upbeat housing data
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%.
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