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Overnight Markets: Wall Street rebounds on corporate earnings
by Himanshu Singh on Jan 29, 2014 at 03:05
But orders for long-lasting US manufactured goods unexpectedly declined 4.3% in December, and a gauge of planned business spending on capital goods also slid.
In Asia, shares gained on Wednesday after Turkey’s central bank more than doubled interest rates to arrest a currency slide that roiled global markets.
The MSCI Asia Pacific Index advanced 1.1% to 136 as of 11:01 a.m. in Tokyo. Japan’s Topix index climbed 1.9% as the yen slid as much as 0.5% against the dollar. Australia’s S&P/ASX 200 Index rose 0.6% and New Zealand’s NZX 50 Index added 0.5%.
Hong Kong’s Hang Seng Index increased 1.1%, while China’s Shanghai Composite Index advanced 0.3%. South Korea’s Kospi index gained 0.7% after data showed the nation’s industrial output increased 3.4% in December from November, the biggest gain since June 2009. Singapore’s Straits Times Index was little changed.
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From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.