You need to upgrade your Flash player to see the chart.

Transaction Statistics |  Stock News |  IPO News |  Finance & Banking |  Market Analysis |  Listing |  Upcom News |  Documents
DAS ONLINE STOCK TRADING – DIRECT TO HOSE, HNX, UPCOM – FAST, SAFE, RELIABLE, CONVENIENT. TRADE STOCKS ON YOUR MOBILE PHONE WITH DAS MOBIZSTOCK – THE ULTIMATE IN CUSTOMER CONVENIENCE FROM DAS. DAC – FUND AND PORTFOLIO MANAGEMENT – LET DAC S PROFESSIONAL INVESTMENT MANAGERS TAKE CARE OF YOUR INVESTMENTS. OPEN A SHARE TRADING ACCOUNT WITH DAS TODAY. FRIENDLY, CONVENIENT AND ACCURATE SERVICE. DAS WEEKLY STOCK MARKET NEWSLETTER – AVAILABLE ONLINE AT WWW.DAG.VN - GET TIMELY WORLD AND LOCAL MARKETS, NEWS AND COMMENTARY, HOT STOCKS UPDATED EVERY MONDAY MORNING. DAS – A LEADER IN CORPORATE FINANCE ADVISORY SERVICE, HUNDREDS OF SATISFIED CLIENTS. EQUITIZATION, IPO, LISTING, RESTRUCTURING. DAS INVESTOR ADVISORY SERVICE – HEAR OUR EXPERTS’ RECOMMENDATIONS ON LISTED STOCKS.
Asian Stocks Rise as U.S. Jobs Figures Boost Recovery Hopes
08/03/2010 09:16 (GMT+7)

By Shani Raja and Satoshi Kawano

 

March 8 (Bloomberg) -- Asian stocks rose, sending the region’s benchmark index to a six-week high, after better-than- estimated U.S. jobs figures boosted oil and metal prices and spurred confidence the global economy is recovering.

 

Sony Corp., which gets almost a quarter of its sales in the U.S., climbed 3.6 percent. BHP Billiton Ltd., the world’s largest mining company, rose 2.4 percent after winning a 55 percent price increase from JFE Holdings Inc.’s steel unit. Arrow Energy Ltd. surged 45 percent after receiving a takeover offer. KT Corp. rose 3.1 percent in Seoul after South Korea’s communications regulator imposed a cap on marketing costs.

 

“The U.S. jobless rate was better than expected in spite of concern it would worsen,” said Tomochika Kitaoka, a senior strategist at Mizuho Securities Co. in Tokyo. “Stocks that are sensitive to the global economy should rise.”

 

The MSCI Asia Pacific Index rose 1.1 percent to 121.66 as of 10:10 a.m. in Tokyo, set to close at the highest since Jan. 22, The gauge has fallen 4 percent from a 17-month high on Jan. 15 on concern over budget deficits in Europe and speculation governments around the world will withdraw stimulus. French President Nicolas Sarkozy said at the weekend the euro region is ready to rescue Greece should it struggle to fund its deficit.

 

Japan’s Nikkei 225 Stock Average increased 1.6 percent, while Australia’s S&P/ASX 200 Index gained 0.9 percent. South Korea’s Kospi Index climbed 1.1 percent.

 

Futures on the Standard & Poor’s 500 Index were little changed. The gauge jumped 1.4 percent after government figures showed the U.S. jobless rate was at 9.7 percent in February. The rate was projected to increase to 9.8 percent, according to the median estimate of 80 economists surveyed by Bloomberg News.

 

To contact the reporters for this story: Shani Raja in Sydney at sraja4@bloomberg.net. Satoshi Kawano in Tokyo at skawano1@bloomberg.net.


(Bloomberg)
 
Tro ve dau trang
Other News
  DAG Newsletter dated 1 September (06/09)
  DAG Newsletter dated 27 August (30/08)
  DAG Newsletter dated 20 August (23/08)
  DAG Newsletter dated 13 August (16/08)
  DAG Newsletter dated 6 August (09/08)
  DAG Newsletter dated 1 September
  DAG Newsletter dated 27 August
  DAG Newsletter dated 20 August
View All ...
  DIC to offer more shares priced at 11.500 dong/share
  Cotec construction investment firm plans 10pct dividend payment
  Hoa Phat textbook printing JSC to pay 10pct cash dividend
View All ...
  Poland to target Asia investors with $1b bond
  Global centre of gravity 'tipping towards Asia'
  Vietnam central banker lauds ‘brave’ response to economic crisis
View All ...
  FDI attraction in HCM City modest
  Vietnam Jan-February retail sales, services revenue +27.4pct to 246.3tr dong
  Socio-economic overview in Feb
View All ...