Friday, December 17, 2010

Asian stocks rose for the first time in three days & Toyota Motor Corp., sank 0.9 percent

Asian stocks rose for the first time in three days, sending the MSCI Asia Pacific Index to its second weekly leading index this month, as technology companies and funding obtained in the earnings outlook.

Samsung Electronics Co., rose 1.7 percent in Seoul after Canada's Research in Motion Ltd., maker of BlackBerry phones, reported earnings that beat estimates. Mizuho Financial Group Inc. led Japanese banks higher after Nomura Holdings Inc. increased the rating action. Toyota Motor Corp., sank 0.9 percent after sales of the automaker expected country of the national association will fall next year.

The MSCI Asia Pacific Index rose 0.4 percent to 133.90 as of 17:15 in Tokyo, with about nine shares rose for every eight that declined. The indicator is directed to a gain of 0.6 percent this week. He climbed to a 2 1/2-year high this week as U.S. reports increased economic reliance on a global recovery, easing concerns that Europe's crisis of debt and China's measures to curb inflation, will affect growth.

"We're seeing that the world economy is recovering gradually," said Hiroichi Nishi, an equity manager in Tokyo at Nikko Cordial Securities Inc. "Concerns about the fiscal problems in Europe will continue. Not the kind of problem to be resolved in a day or two. "

Japan's Nikkei 225 Stock Average, Australia S & P / ASX 200, and China's Shanghai Composite Index fell below 0.5 percent. Hong Kong Hang Seng Index, Taiwan's TAIEX index and the Kospi index in South Korea rose by at least 0.2 percent.

U.S. Unemployment

Future over 500 of Standard & Poor's have changed little today. The index rose 0.6 percent yesterday to 1242.87, its highest close since September 2008, when Lehman Brothers Holdings Inc. collapsed.

The number of U.S. workers filing initial claims for unemployment benefits fell last week to 420,000, the lowest level in three weeks, the Labor Department figures showed yesterday.
Samsung Electronics, which aims to double its sales of smartphones in the coming year, rose 1.7 percent to ₩ 926 000. Research In Motion yesterday reported third-quarter revenue and earnings that topped analysts' estimates.

Taiwan Semiconductor Manufacturing Co., the world's largest maker of customized chips, rose 2.4 percent to NT $ 72.90 in Taipei, its highest close in 10 years. The company and United Microelectronics Corp. can make orders as competitors such as NV and NXP Semiconductors Renesas Electronics Corp. closed the plant, the Commercial Times reported.

Supports larger

Samsung and Taiwan Semiconductor were the main individual supports for the MSCI Asia Pacific index.

Sharp Corp., Japan's largest maker of liquid crystal displays, rose 2.5 percent to 849 yen in Tokyo. The company will spend 100 billion yen (1.2 billion) in a production line to supply mainly to the screens of Apple Inc. 's iPhone, the Nikkei newspaper.

Foxconn Technology Co., controlled by the richest man in Taiwan, gained 1.3 percent to NT $ 116.5 in Taipei after the Commercial Times said Nintendo Co. of Japan took Foxconn as the only Taiwanese company to set up your video 3DS, game consoles.

The MSCI Asia Pacific Index gained 11 percent this year through yesterday, compared with gains of 11 percent in the S & P 500 and 9.3 percent in the Stoxx Europe 600 index. Stocks in Asia benchmark were valued at 14.7 times estimated earnings on average at the end of yesterday, compared with 14.6 times for the S & P 500 and 12.3 times for the Stoxx 600.

Banks, Brokerages Gain

"Valuations are very attractive market," said Shane Oliver, Sydney-based head of investment strategy at AMP Capital Investors Ltd. on Television. "The U.S. economy is beginning to look a lot healthier."

the third-largest bank Mizuho Financial Group Inc. of Japan by market value, increased 2 percent to 153 yen after Nomura raised its rating to "buy" from "neutral." won Mitsubishi UFJ Financial Group Inc., the country's largest lender by market value, up 1.2 percent to 440 yen. Sumitomo Mitsui Financial Group Inc., the No. 2, increased 1.2 percent to 2.891 yen.

Woori Investment & Securities Co. of South Korea took top brokers in the trade of speculation will increase and increase revenue as the benchmark stock index is approaching a record level. Woori Investment, Daewoo Securities Co., Mirae asset Securities Co. and Samsung Securities Co. all gained more than 5 percent.

Nomura Real Estate Holdings Inc. rose 10 percent to 1,447 yen, the biggest percentage gain in the MSCI Asia Pacific index, after the Japanese developer raised its operating profit forecast for the full year by 39 percent.

Commodities Slump

Toyota, also the largest automaker in the world, fell 0.9 percent to 3.255 yen. Nissan Motor Co. lost 1.5 percent to 795 yen. Suzuki Motor Corp. declined 1 percent to 2.034 yen.

Association Japan Automobile Manufacturers said sales of new vehicles next year will fall by 9.9 percent after a gain of 7.5 percent in 2010.

commodity firms fell as oil prices fell and metal. Crude oil for January delivery lost 1 percent to $ 87.70 a barrel in New York yesterday, the lowest close since Dec. 1. The London Metal Exchange Price Index of six industrial metals like copper and aluminum fell 0.7 percent yesterday, a third consecutive decline. Gold also fell yesterday.

Mitsubishi Corp., which gets more than 40 percent of sales of energy and metals, retreated 1.1 percent to 2195 yen in Tokyo. Rio Tinto Group, the world's third largest mining, fell 1.6 percent to $ 85.65 in Sydney. Newcrest Mining Ltd., Australia's No. gold producer, sank 1.7 percent to $ 40.77.

Mitsui & Co., a Japanese trading company, sank 2.2 percent to 1.312 yen. The stock has lost 3.4 percent in the last two days after the U.S. government said it sued Mitsui unit in connection with the largest oil spill at sea in U.S. history, after the April explosion of an oil rig in the Gulf of Mexico.

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