Sun, Oct 21, 2012 - Page 15 News List

Asian stocks see biggest weekly gain in a month

REBOUNDING:The improvement of the US’ retail sales and manufacturing, coupled with positive signs from China, gave a much-needed boost to market sentiment

Bloomberg and afp, hong kong

Brazil’s Bovespa dropped 1.4 percent, dragged down by commodity producers. South Korea’s KOSPI Index and Taiwan’s TAIEX both lost 0.76 percent, Russia’s MICEX Index lost 1 percent, and India’s SENSEX slipped 0.6 percent.

In other markets on Friday:

Manila closed flat, edging down 3.58 points from Thursday to 5,432.36.

Wellington slipped 0.34 percent, or 13.79 points, to 3,988.16.

Mumbai slipped 0.58 percent, or 109.62 points, to 18,682.31.

Additional reporting by Staff writer

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