Nikkei gains on U.S. proposal

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Source: Reuters
Japanese shares went up on Wednesday on Renesas Electronics Corporation 35 per cent gain, which was supported by the information that private equity fund of United States, KKR & Co, is planing to invest $1.3 billion in the chipmaker. The Nikkei average climbed to 9,069.81, a 0.4 per cent increase.
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Wed, 29 Aug 2012 19:36:11 GMT

U.S. pending home sales rose more-than-expected in July

U.S.  pending home sales surged in July to a highest level since April 2010. The National Association of Realtors reported on Wednesday that seasonally adjusted index for pending sales of existing U.S. homes rose by 2.4 per cent in July from a month earlier to a reading of 101.7. In June, data had dropped by -1.4 per cent.

Wed, 29 Aug 2012 19:25:11 GMT

Asian markets lose, while Japan gains

Asian shares fell on Wednesday as a result of week steel outputs, while Japanese market went up on deal speculation. Japan's Nikkei Stock Average inched higher 0.2 per cent and South Korea's Kospi rose 0.6 per cent. Hong Kong's Hang Seng Index and the Shanghai Composite Index declined by 0.1 per cent and 1 per cent, respectively.

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