Exports
Hong Kong's Hang Seng Index rose 4.8 percent to 10,424.56 this week. Li & Fung Ltd., which buys Asian-made clothing for US companies such as Abercrombie & Fitch Co, added 14 percent to HK$11.95.
Seiko Epson, Japan's largest maker of inkjet printers, climbed 4.4 percent to ?3,330. Maruti Udyog, India's biggest carmaker, added 10 percent to 216.95 rupees in the past five days, its fourth straight week of gains.
The companies will be added to MSCI's standard indexes of global stocks from next month, MSCI said.
Some US$3 trillion is benchmarked to MSCI indexes globally, according to the index compiler, which is majority-owned by Morgan Stanley. In the US, more than 90 percent of international institutional equity assets are benchmarked to MSCI's indexes.
Good news
Australia's News Corp, the world's fifth-largest media company, added 5.1 percent over the week to A$12.35.
The company, which relies on the US for 75 percent of its revenue, reported its biggest quarterly profit in three years. The S&P/ASX 200 Index dropped 1.40 points to 3148, completing its first losing week in six.
"News Corp has probably become the bellwether media stock," said Uri Landesman, who helps manage about US$360 million for Federated Investors, owner of 238,502 News Corp American depositary receipts in June.
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