Tuesday, April 17, 2012

Asian stocks market rose april 18 2012

Asian stocks market rose april 18 2012, Toyota Motor, MXAP, Hong Kong , Market Open China, : Asian stocks rose, with the regional benchmark headed for its biggest gain in three weeks, after the International Monetary Fund raised economic forecasts and Spain sold more debt than targeted, boosting the earnings outlook for exporters.

Toyota Motor Corp. (7203), Asia’s biggest carmaker by market value, gained 2.6 percent in Tokyo. Canon Inc. (7751), a Japanese camera maker that gets almost a third of its sales from Europe, increased 2.4 percent. BHP Billiton Ltd. (BHP), the world’s largest mining company and Australia’s No. 1 oil producer, advanced 1.4 percent after commodity prices gained. China Overseas Land & Investment Ltd. may be active today in Hong Kong after the developer’s sales surged in the first quarter.

The MSCI Asia Pacific Index (MXAP) gained 0.9 percent to 124.75 as of 9:24 a.m. in Tokyo before the opening of markets in Hong Kong and China. More than 17 stocks rose for each that fell, with the gauge headed for its biggest gain since March 27. Japan’s Nikkei 225 Stock Average increased 1.5 percent, with trading volume 32 percent below the 30-day average. Australia’s S&P/ASX 200 Index gained 1.2 percent.

“The environment for equities is pretty good,” said Donald Williams, chief investment officer at Platypus Asset Management Ltd. in Sydney, which manages about $1 billion. “Even though 2012 is going to be a tough year because most of Europe will be in recession for a large part of this calendar year, you are still looking at a global growth rate of 3.5 percent, which is a pretty decent growth rate.”

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