Showing posts with the label Asian Markets at Close Report -November 23

Asian Markets at Close Report -November 23, 2012-.: Most Asia stocks rise, posting solid weekly gains

By V. Phani Kumar , MarketWatch  HONG KONG (MarketWatch) — Most Asian markets rallied Friday, buoyed by signs of an improvement in global manufacturing, with mainland Chinese stocks rebounding from a drop the previous day and Taiwanese shares soaring on reports of buying by government funds. After a tentative start in the absence of cues from the U.S. and from Japan, Asia’s largest country by stock market capitalization, regional markets climbed on buying aided by data showing an improvement in manufacturing from China and the euro-zone.  Preliminary readings from HSBC Thursday showed China’s Purchasing Managers’ Index rose to 50.4 in November, signaling the first expansion in more than a year. HSBC data released during the European day also showed that while the region’s factories remained in contraction, business their conditions improved to an eight-month high. A PMI gauge for the U.S., released by Markit, showed on