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Overnight Markets: US stocks rebound on economic data

by Himanshu Singh on Mar 21, 2014 at 02:51

In Asia, shares gained on Friday in morning trade, with a regional index of shares outside Japan rebounding from the biggest loss yesterday since August.

The MSCI Asia Pacific excluding Japan Index advanced 0.3% to 450 as of 9:52 a.m. in Hong Kong, paring this week’s slide to 0.8%. Hong Kong’s Hang Seng Index added 0.3%, South Korea’s Kospi index climbed 0.6% and Australia’s S&P/ASX 200 Index rose 0.5%. Singapore’s Straits Times Index increased 0.4%, while Taiwan’s Taiex index gained 0.2%. China’s Shanghai Composite Index and New Zealand’s NZX 50 Index both slid 0.1%. Japanese markets are closed for a holiday.

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