Asian currencies poised for third weekly gain amid Japan and China

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Source: Bloomberg
Asian currencies reached a third weekly gain after a rebound in China's exports and Japan's 10.3 trillion Yen ($116 billion) spending package strengthen the outlook for a recovery of global economy. India's Rupee gained 1.4% to 54.5775 per greenback; Malaysia's Ringgit advanced 1.1% to 3.0195, while Thailand's Baht increased 0.9% to 30.25 and South Korea's Won rose 0.7% to 1,056.73.
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Fri, 11 Jan 2013 12:36:05 GMT

Asian stocks excluding Japan decline after China CPI accelerates

Asian stocks plummeted on overheating signs after China's inflation accelerated. Japanese shares surged as the Cabinet approved monetary-easing measures. The MSCI Asia Pacific Excluding Japan Index dropped 0.3% to 476.07, while China's Shanghai Composite Index fell 1.8%; Hong Kong's Hang Seng Index declined 0.4% and Australia's S&P/ASX 200 Index soared 0.3%. Whereas South Korea's Kospi Index lost 0.5% as its

Fri, 11 Jan 2013 12:14:08 GMT

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