Asian shares extend gains on Friday

Note: This section contains information in English only.
Source: Marketwatch
Asian shares kept rallying on Friday as Greece ended its debt restructuring and Japanese Yen depreciated against US Dollar sending export shares higher. Japan's Nikkei Stock Average jumped 1.7%, Hong Kong's Hang Seng Index gained 0.9% and Australia's S&P/ASX 200 index climbed 1%. South Korea's Kospi added 0.9% and China's Shanghai Composite improved 0.8%.




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Fri, 09 Mar 2012 13:30:40 GMT

S&P 500 index 1% up on Thursday

S&P 500 index extended gains on Thursday as investors became more confident Greece will be able to complete the debt swap deal. US benchmark surged 0.98% or 13.28 points to 1,365.91. Financials supported the index with Morgan Stanley appreciating 1.8% and Citigroup Inc improving by 2.3%. Apple Inc added 2.1% after the firm released a new version of its iPad.

Fri, 09 Mar 2012 13:32:45 GMT

China's inflation rate hit 20-month low in February

China's inflation rate tumbled to 20-month low on the falling food prices. The rate of price index increase approached 3.2% last month as compared to 4.5% in January, reported the NBS. The country's inflation target for the whole 2012 is 4%. The decline in the inflation rate will enable the government to provide fresh stimulus for reviving sluggish economy. 

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