Asian shares rise, halting 2-day retreat

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Source: Bloomberg
Asian shares rose, snapping two days of losses, as Japan's Nikkei 225 Stocks Average reversed 1% losses after the Yen fell. The MSCI Asia Pacific Index added 0.4% to 131.28. Australia's S&P/ASX 200 Index climbed 0.4% and Hong Kong's Hang Seng Index climbed 0.2%, whereas China's Shanghai Composite Index slid 0.6% and South Korea's Kospi Index slipped 0.3%.
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Wed, 09 Jan 2013 13:56:04 GMT

Australia's retail sales unexpectedly fall in November

Australia's retail sales fell in November on substantial reduction at department stores and in household goods category, according to the Australian Bureau of Statistics. Retail sales decreased 0.1% on a monthly basis to A$21.5 billion, while economists expected a 0.3% growth. Sales of household goods fell 0.9% in November and trade at department stores declined 0.4%.

Wed, 09 Jan 2013 13:34:04 GMT

Wheat dips ahead of USDA monthly supply report

Farm commodities, excluding corn, finished Tuesday's session in the red territory, being pressured by solid US Dollar. Increased caution ahead of the USDA monthly report on global supplies also weighed on rural commodities. Wheat edged lower ahead of the key USDA report due on Friday. However, the grain may seek support on US winter crop concerns and lower Argentina's harvest.

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