Sun, Jun 30, 2013 - Page 15 News List

Asian shares surge on growth optimism

LOOKING UP:The TAIEX surged past 8,000 points following legislative passage of changes to the capital gains tax, with market bellwether TSMC leading the advance

Agencies, with staff writer

The Hang Seng Index advanced 2.7 percent, after falling to its lowest level in nine months on June 24. China’s Shanghai Composite Index dropped 4.5 percent, closing at the lowest level since January 2009 on Thursday.

In other markets on Friday:

Manila jumped 2.17 percent, or 137.28 points, from Thursday to 6,465.28.

Wellington rose 0.53 percent, or 23.21 points, to 4,440.17.

Mumbai jumped 2.75 percent, or 519.86 points, to 19,395.81.

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