Sun, Apr 14, 2013 - Page 15 News List

Asian stocks post biggest advance in seven months

EASY MONEY:Japan’s pledge to continue its aggressive stimulus policy, along with expectations of similar measures in China and the US, saw the region’s markets surge


Hong Kong-listed airlines rebounded this week as concerns over an outbreak of a new strain of bird flu in China eased. A four-year-old boy in Shanghai was discharged from a local hospital on April 10 after recovering from the H7N9 avian influenza, the first patient declared cured.

China Southern Airlines rose 3.6 percent to HK$4.01 after falling 13 percent last week. Cathay Pacific Airways Ltd (國泰航空), Hong Kong’s largest international carrier, climbed 3.3 percent to HK$12.68 after hitting a seven-month low last week.

In other markets on Friday:

Manila closed 0.87 percent higher than on Thursday, adding 59.69 points to reach 6,891.43.

Wellington closed 0.59 percent, or 26.23 points, higher at 4,435.77.

Mumbai fell 1.62 percent, or 299.64 points, to 18,242.56.

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