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Overnight Markets: Wal-Mart forecast weighs on Wall Street
by Himanshu Singh on Nov 16, 2012 at 03:52
In Asia, shares gained on Friday with Japanese consumer stocks rising amid speculation an election next month will hand power to an opposition party paving the way for more aggressive monetary easing.
The MSCI Asia Pacific Index added 0.6% to 120 as of 10:57 a.m. in Tokyo. Japan’s Nikkei 225 Stock Average extended yesterday’s surge, rising 1.5%. Japan’s broader Topix Index jumped 1.4%.
Australia’s S&P/ASX 200 Index lost 0.2% and South Korea’s Kospi Index sank 0.3%. Hong Kong’s Hang Seng gained 0.2% and China’s Shanghai Composite slid 0.3%.
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As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
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From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.