Sun, Sep 15, 2013 - Page 15 News List

Asian stocks cap best 14 days since 2012

GAMES ON:Tokyo’s selection as the host of the 2020 Olympics and better-than-expected data from China drove the rally, but markets fell on Friday on US worries

Bloomberg and AFP

In South Korea, the KOSPI gained 2 percent this week as the Bank of Korea held its key interest rate steady, while Singapore’s Straits Times Index climbed 2.4 percent and Australia’s S&P/ASX 200 Index gained 1.5 percent, reaching its highest level in more than five years after the Liberal-National coalition won last weekend’s election.

In other markets on Friday:

Wellington added 0.20 percent, or 9.45 points, from Thursday to end at 4,650.94.

Manila retreated 1 percent, or 62.37 points, to close on 6,133.24.

Mumbai fell 0.25 percent, or 49.12 points, to 19,732.76 points.

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