This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Asia stocks gain on China prospects, US data

By KAY JOHNSON

MUMBAI, India (AP) a¿¿ Asian stocks mostly rose Friday, buoyed by a third all-time high on a key Wall Street index this week and signs that China will follow up on pledges to further open the world's No. 2 economy,

Japan's Nikkei 225 stock average added 0.4 percent to 15,201.57 and South Korea's Kospi gained 0.65 point to 1,976.17. Australia's S&P/ASX 200 rose 0.2 percent to 5,454.80 and Southeast Asia markets were mostly higher.

Investors have been encouraged by this week's meeting of China's top legislative body which pledged to advance Communist Party plans issued in November for promoting market forces and domestic consumption in Asia's economic engine.

China's Shanghai Composite Index was up 0.33 point at 2,059.91 and Taiwan's benchmark added 0.3 percent to 8,738.96. But Hong Kong's Hang Seng shed 0.2 percent to 22,661.25.

India's Sensex index was up 0.7 percent to 21,662.22 as investors cheered the announcement of elections beginning next month.

The gains in Asian markets followed a mostly positive day on Wall Street after a report showed the number of people who filed for unemployment benefits fell last week to the lowest level in three months.

The gains were enough to propel the Standard & Poor's 500 to its third all-time high this week, rising 0.2 percent to 1,877.03. The Dow Jones industrial average rose 61.71 points, or 0.4 percent, to 16,421.89. The Nasdaq composite fell 5.85 points, or 0.1 percent, to 4,352.13.

The focus in the U.S. is now on Friday's release of the February employment report. The payrolls data often set the market mood for a week or two.

European markets stabilized Thursday as tensions in Ukraine eased while the euro surged after traders reined in expectations of further easing measures from the European Central Bank.

Germany's DAX closed flat at 9,542.87 while the CAC-40 in France rose 0.6 percent to 4,417.04. Britain's FTSE 100 gained 0.2 percent to 6,788.49 after the Bank of England kept its main interest rate unchanged at 0.5 percent, five years on from its decision to cut to the historic low rate.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,757.00 +5.61 0.03%
S&P 500 2,107.29 -1.28 -0.06%
NASDAQ 5,128.1490 +16.4160 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs