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.

This story has been viewed 2467 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top