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Showing posts with the label MarketWatch | Asian Markets at Close Report (December 17

MarketWatch | Asian Markets at Close Report (December 17, 2012).: Asia stocks advance on U.S. debt-pact hopes

By Sarah Turner and V. Phani Kumar , MarketWatch  HONG KONG (MarketWatch) — Most Asian stocks climbed Tuesday on signs of progress in U.S. budget talks to avert the fiscal cliff, with exporters and financial firms driving Japanese shares to their highest level in more than eight months.   “Investors underweight equities are becoming more anxious about being left behind if there is a reasonable outcome to the U.S. fiscal cliff negotiations,” said Ric Spooner, chief market analyst at CMC Markets.  The Nikkei Stock Average JP:100000018 +0.96%  rose 1% to 9,923.01, a closing level not seen since early April. The advance builds on gains from the previous session, when a landslide election victory for the Liberal Democratic Party (LDP) sparked fresh optimism for the introduction of deflation-fighting policies.  South Korea’s Kospi

MarketWatch | Asian Markets at Close Report (December 17, 2012).: Japan, China stocks rise in mostly lower Asia

By Sarah Turner and V. Phani Kumar , MarketWatch  HONG KONG (MarketWatch) — Japanese and mainland Chinese stocks defied a broad weakness in Asia Monday, with equities in Tokyo rising after weekend election results sparked optimism for new policies to combat deflation, while hopes for policy reforms lured buyers in Shanghai.  Stock markets in Hong Kong and Australia were among those that declined in the rest of Asia, as investors looked to a weak lead from Wall Street Friday amidst uncertainty related to the U.S. fiscal cliff.  Japan’s Nikkei Stock Average JP:100000018 +0.94%  jumped 0.9%, reaching its best level since early April, while the Shanghai Composite CN:000001 +0.45%