Wednesday, June 20, 2012

asian stock market june 21 2012

asian stock market june 21 2012, Australian shares june 21 2012, Japanese stocks : Asian stocks gained, with the regional benchmark index heading for a second day of advance, after the Federal Reserve extended their program to replace short-term bonds with longer-term debt. The MSCI Asia Pacific Index added 0.1 percent to 116.89 as of 9:10 a.m. in Tokyo, with more than two share rising for each that fell.

Australian shares have opened slightly higher after Wall Street greeted news of another bout of stimulus spending from the US Federal Reserve with only polite applause, but looked on worriedly as the outlook growth and jobs outlooks worsened.

In morning trade, the benchmark S&P/ASX200 index rose 2.1 points, or 0.1 per cent, to 4134.5 and the All Ordinaries is flat at 4175.8. The Aussie dollar was steady. It was recently buying $US1.0183, roughly in line with yesterday's close, but down sharply from the overnight peak of $US1.0224 at about 3am, a seven-week high.

Japanese stocks rose for a second day after the U.S. Federal Reserve expanded its Operation Twist program to buy longer-dated assets and said it stands ready to take further action to fight unemployment.

Honda Motor Co. (7267), a carmaker that gets 44 percent of its sales in North America, rose 2.4 percent. Renesas Electronics Corp. (6723) gained 4.6 percent on a report that KKR & Co. and Silver Lake are in talks to invest in the chipmaker. Inpex Corp. (1662), Japan’s No. 1 energy explorer, slid 1.2 percent as crude fell.

The Nikkei 225 Stock Average (NKY) gained 0.7 percent to 8,812.83 as of 9:21 a.m. in Tokyo. The broader Topix Index advanced 0.6 percent to 751.59, with about three stocks rising for each that fell. Foreign investors were net buyers of Japanese stocks last week for the first time in nine weeks, data released today showed.

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