Nikkei:8,609.95 (+235.82 ) Hang Seng:18,130.55 (+722.75) Shanghai Comp:2,415.05 (+21.87 )
ASIAN STOCKS rebounded yesterday from a 16-month low, sending the benchmark regional index to its biggest advance since April 2009, amid optimism that European leaders may agree on ways to tame the region’s credit crisis.
In Tokyo, Sumitomo Mitsui Financial, Japan’s number two bank by market value, advanced 3.4 per cent, Nissan car maker rose 4.5 per cent and Sony, maker of televisions and game consoles, climbed 3.7 per cent. Camera maker Canon surged 4.3 per cent.
In Hong Kong, Standard Chartered, the UK’s third-biggest lender, rose 4.7 per cent, Esprit Holdings, a Hong Kong clothier, jumped 7.2 per cent and HSBC Holdings, Europe’s number one lender, gained 3.6 per cent.
Gauges of raw material and energy producers led the advance among the 10 industry groups in the Asia-Pacific measure, all of which rose.
BHP Billiton was up 4.1 per cent in Sydney. In Hong Kong, Rio Tinto the world’s second-biggest mining company, climbed 5.4 per cent, Jiangxi Copper, China’s largest producer of the metal, surged 17 per cent and Cnooc, China’s top offshore oil producer, jumped 7.7 per cent. – (Bloomberg)
