Asian currencies close to 8-months high on China's and South Korea's positive data

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Source: Bloomberg
© Scanpix/AP
Asian currencies traded near the highest level in 8 months as data showed China's manufacturing improved and South Korea's exports increased fro the first time in 4 months. Taiwan's Dollar gained 0.1% to NT$29.227 versus the U.S. Dollar. India's Rupee advanced 0.1% to 53.765 and South Korea's Won was at 1090.43 compared to 1090.70 yesterday. Indonesia's rupiah declined the most in 3 weeks, falling 0.2% to 9,631.
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Thu, 01 Nov 2012 09:54:03 GMT

Panasonic loss forecast leads Asian stocks to fall

Asian stocks tumbled after Panasonic Corp. plunged 19%, reaching its biggest drop since 1974. The MSCI Asia Pacific Index declined 0.3% to 121.67. The index showed a 0.4% drop in September after the majority of companies posted lower than expected corporate earnings.  South Korea's Kospi index fell 0.7%, and Taiwan's Taiex index plunged 0.3%.

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

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