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Asian stocks recover losses on increased European efforts

Stock MarketsSep 27, 2011 03:52AM ET
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As the European officials started increasing their efforts to contain the spreading sovereign debt crisis after the global financial markets started being very worried about the prospects of the European economy, confidence increased investors' appetite for risk, and the Asian stocks managed to recover yesterday's losses, rebounding from a 16 month low, were the MSCI Asia Pacific Index rose today 3.8% at 15:01 in Tokyo.

Nikkei 225

Nikkei 225 rose today by 2.82% or 235.82 points closing at 8609.95. From 225 shares, 214 advanced, 8 declined and 3 unchanged. Sectors leading the incline were the industrials that gained 79.02 points and consumer goods that gained 48.79 points.

Among the shares that advanced Fanuc Corp topped the list by rising 3.16% closing at 10770 yen, followed by Fast Retailing Co Ltd which rose by 2.31% and closing at 14200 yen. And Kyocera Corp which rose by 3.77% and closing at 6610 yen.

Lagging shares today were Softbank Corp which fell by 1.57% closing at 2133 yen, second was KAO Corp which fell by 0.42% closing at 2125 yen. And All Nippon Airways Co Ltd which fell by 1.61% closing at 244 yen.

S&P/ASX 200

The S&P/ASX 200 rose today by 3.64% or 140.70 points closing at 4004.60. From 200 companies, 174 shares ended green compared to 17 ending in red and 9 unchanged. Sectors leading the incline were the financials that gained 61.77 points and basic materials that gained 49.48 points.

Lynas Corp Ltd inclined the most today as it rose 34.86% closing at 1.18 Australian dollars, followed by Gryphon Minerals Ltd surging 20.17% closing at 1.40 Australian dollars, and Sundance Resources Ltd/Austral that surged by 15.28% closing at 0.42 Australian dollars.

Lagging shares today included Coal Mines Ltd that retreated 4.55% closing at 1.26 Australian dollars, trailed by Southern Cross Media Group Ltd loosing 2.54% closing at 0.96 dollars. And Cabcharge Australia Ltd that fell 2.33% closing at 4.20 Australian dollars.

Hang Seng

Hang Seng rose today by 4.15% or 722.75 points to close at 18130.55. From 45 companies, 44 rose today, while 2 fell, and 0 unchanged. Sectors leading the incline were the financials that gained 427.80 points and oil & gas that gained 116.89 points.

The shares that advanced were HSBC Holdings PLC topped the list by rising 3.61% closing at 61.70 Hong Kong dollars, followed Industrial & Commercial Bank of China that rose by 9.09% and closing at 4.20 Hong Kong dollars. And China Construction Bank Corp that rose by 5.91% and closing at 5.20 Hong Kong dollars.

Lagging shares today were Power Assets Holdings Ltd which fell 0.97% closing at 61.50 Hong Kong dollars, and China Resources Power Holdings falling by 0.52% closing at 11.42 Hong Kong dollars.

Asian stocks recover losses on increased European efforts
 

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