Sun, Feb 23, 2014 - Page 15 News List

Asian stocks rise on yen, US optimism

‘FAIR VALUATIONS’:The MSCI Asia Pacific Index continued to recover from last month’s slump, as US factory activity topped estimates while the yen retreated 0.9%

Bloomberg and staff writer, with CNA

The Shanghai Composite Index advanced on Monday after the credit report before ending the week 0.1 percent lower. A private gauge of Chinese manufacturing fell to a seven-month low, data showed on Thursday.

The Philippines Stock Exchange Index jumped 3.2 percent this week, while Hong Kong’s Hang Seng Index rose 1.2 percent on the week. South Korea’s KOSPI also increased 0.9 percent, Australia’s S&P/ASX 200 Index climbed 1.5 percent, New Zealand’s NZX 50 Index added 0.8 percent and Singapore’s Straits Times Index gained 2 percent.

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