Asian stocks rise as China takes steps to alleviate cash crunch

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Source: Bloomberg
Asian stocks advanced, pushing the regional benchmark index to a three-month high, before U.S. reports, which might show the world's biggest economy is recovering and as China took steps to alleviate cash crunch. The MSCI Asia Pacific Index gained 0.4% to 121.17. Australia's S&P/ASX 200 Index added 0.4%, while Japan's Nikkei 225 Stock Average and South Korea's Kospi Index declined 0.2%. 
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Tue, 21 Aug 2012 10:27:47 GMT

Emerging-market stocks advance on China move and U.S. data this week

Emerging-market stocks increased the most in a week as China injected funds into its banking system and on speculation the U.S. reports this week will indicate the world's biggest economy is strengthening. The MSCI Emerging Markets Index gained 0.3% to 972.31and the Shanghai Composite Index rose 0.6%. 

Tue, 21 Aug 2012 15:59:48 GMT

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