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View the article online at http://citywire.co.uk/wealth-manager/article/a738120

Overnight Markets: Wall Street little changed as investors shrug off soft data

by Himanshu Singh on Mar 06, 2014 at 03:15

Smith & Wesson Holding Corp (SWHC.O) shares jumped 16.4% after the gun maker reported a 42% surge in its fiscal third-quarter profit.

In Asia, shares surged on Thursday led by Japanese stocks after a committee advising the ministry that oversees the world’s largest pension fund said it no longer needs to focus on domestic bonds.

The MSCI Asia Pacific Index rose 0.2% to 138 as of 10:07 a.m. in Tokyo. Japan’s Topix index rose 0.3%, while Nikkei Stock Average 225 gained 0.38%. New Zealand’s NZX 50 Index advanced 0.5%. Australia’s S&P/ASX 200 Index declined 0.1%.

In Hong Kong, Hang Seng Index gained 0.38%, while China’s Shanghai Composite Index was down 0.63%.

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