Asian stocks trade mixed on Wednesday

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Source: Marketwatch
Asian markets showed mixed performance on Wednesday. Japan and South Pacific region shares rallied lifted by US economic data while those in China mainland and Hong Kong slipped after Chinese PM rejected possibility for easing policy towards real-estate market. Shanghai Composite fell 2.6% and Hang Seng index lost 0.2%. In contrast Australia's S&P/ASX 200 index surged 0.9%, South Korea's Kospi added 1% while Japanese Nikkei 225 index rallied 1.5%.
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Wed, 14 Mar 2012 11:26:05 GMT

UK unemployment claims climbed more than predicted in February

The number of UK unemployment claims surged more than expected in February and the jobless rate remained at 16-year record high. Jobless claims advanced by 7200 to 1.612 million reported the National Statistics Office on Wednesday. Economists questioned by Bloomberg expected the applications for jobless benefits to increase by 5000. The unemployment rate remained unchanged at 8.4%.

Wed, 14 Mar 2012 11:55:03 GMT

Nikkei 225 rallies 1.5% on US optimism

Japan's Nikkei Stock Average appreciated sharply on Wednesday, reaching record high since July 2011, following the rally in US markets. Nikkei 225 index advanced 1.53% or 151.44 points and settled at 10,050.52. Exporters surged after Yen fell to a one-year low against greenback. Sony jumped 5.2% and Toyota gained 2% while Nissan added 3.8%. Equities in Yahoo Japan soared 1%

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