Showing posts with the label . 2013.
By V. Phani Kumar , MarketWatch HONG KONG (MarketWatch) — Asian markets advanced Monday after China removed a floor on banks’ lending rates and Japan’s ruling government regained control of the parliament’s upper house, raising hopes for further reforms in both economies. Japan’s Nikkei Stock Average JP:NIK +0.47% rose 0.5%, the Shanghai Composite CN:SHCOMP +0.61% added 0.6% and Hong Kong’s Hang Seng Index HK:HSI +0.25% edged 0.3% higher, with each overcoming volatility that dragged them into losses earlier in the day. “Longer-term investors will take heart from the impr