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Showing posts with the label Asian Markets at Close Report by MarketWatch.

Asian Markets at Close Report by MarketWatch November 22, 2013: Asia Stocks Rise on Positive U.S. Lead.

By Daniel Inman HONG KONG (MarketWatch) — Asian stocks rose Friday on positive political and economic news from the U.S., while Hong Kong-listed Chinese companies were the best performers for the week. The  Dow Jones Industrial Average   DJIA   +0.69%    closed above 16,000 points  for the first time, as  Janet Yellen  moved one step closer to the top job at the Federal Reserve. The Senate Banking Committee voted to approve Ms. Yellen’s nomination to become Fed chairwoman next year — a move considered positive for the market, as she isn’t expected to move aggressively to unwind central bank’s easy-monetary policy, a process referred to as tapering. A strong U.S. jobs report also helped sentiment. Reuters Enlarge Image Hong Kong's financial district. The greenback came off its highest level against the yen  USDJPY   +0.07%  since early July. It was at 101.02 yen compared with ¥101.15 late Thursday in New York after spiking earlier in the day. Japan’s Nikkei Average