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


14/03/2012 06:12 AST  Bloomberg

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

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP
Most Viewed Companies
Ticker Price Volume
EMAAR 11.6 60,373,531
RIBL 21.6 469,326
MESC 20.32 1,643,459
SAGRINSURANCE 49.47 507,514
SECO 17.83 1,438,822
TAWUNIYA 70.33 472,570
HOKAIR 123 244,145
Recent News

Saudi return on buildings to rise sharply until 2022
RIYADH – The return on buildings as a proportion of GDP in Saudi Arabia is one of the lowest among major economies but should rise sharply in the years to 2022, the annual MEED Saudi Mega Transport &

Mobily unveils fund program for Ensan
RIYADH – Mobily, in collaboration with the Orphanage Society (Ensan), launched the new digital album (Orphans Love) in the voice of Sheikh Mishary Al Afasy and the words of the poet Hamid Zaid. The

NCB Capital launches new Alahli Tadawul
JEDDAH –- NCB Capital, one of the largest Brokerage Service providers in the Kingdom, GCC’s leading wealth manager and the Kingdom’s largest asset manager, has introduced the new AlAhli Tadawul servi

Zain KSA embarks on customer care program
ZAIN KSA has launched its interactive customer care program which enables customers to participate in honoring and motivating customer care employees by their assessment when contacting the customer

GCC economies remain resilient despite low oil prices:Prince Abdulaziz
RIYADH – Prince Abdulaziz Bin Salman Bin Abdulaziz, Assistant Minister of Petroleum and Mineral Resources for Petroleum Affairs, dismissed arguments that lower oil prices will cause the collapse of G

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

Poll

Which of the following do you think is the best long-term investment?