Asian Stocks Climb on U.S. Economy as Yen Drops to 11-Month Low


14/03/2012 06:12 AST

Asian stocks advanced for a second day, while regional bond risk declined and the yen tumbled to an 11-month low after the Federal Reserve bolstered confidence in the U.S. financial system and raised its economic assessment.

The MSCI Asia Pacific Index (MXAP) climbed 1.1 percent as of 11:20 a.m. in Tokyo. Standard & Poor’s 500 Index futures slipped 0.1 percent after the equity gauge jumped 1.8 percent yesterday. The dollar strengthened against 15 of its 16 major peers and the yen fell 0.3 percent. Bonds yields in Japan and South Korea gained. Gold advanced 0.1 percent.

For more on this Click Here

Bloomberg
Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
SABIC 83 1,347,278
RIBL 11.05 354,182
YAMAMAHSTEEL 39.5 1,167,940
QNBK 135.1 40,813
SIPCHEM 14.05 98,387
SACCO 64 150,668
IQCD 99 53,836
Recent News

Insurance sector ‘presents scope for further growth’
Bahrain’s insurance industry is ripe for consolidation, says an industry leader. Tas’heelat Insurance Services Company (Tisco)’s general manager Ali Al Daylami told the GDN that mergers and acquis

Bank Sohar sponsors GCC new age banking summit
As part of its commitment towards supporting the development of the local economy and the Banking industry as a whole in the country, Bank Sohar recently sponsored the GCC New Age Banking Summit. The

GCC individual investors more focused on long-term growth than short
Natixis commissioned an independent survey of over 7000 individual investors globally, including 300 in the GCC, from the affluent to the high net worth. It found that: An average of real annual ret

Shares fall amid listless trading
Shares on the Muscat Securities Market edged down amid listless trading on Wednesday. The MSM30 Index fell by 0.12 per cent amid lower trading activity to close at 5,930.51points. The MSM Sharia Inde

Siemens has helped Oman save 31% of gas in power generation: CEO
Siemens Technology has helped Oman save 31 per cent of gas in power generation, a senior company official said.

“The latest three power plants in Oman utilise Siemens gas turbines. Because

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?