Asian stocks rise on China's economic growth

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Source: Bloomberg
© Scanpix/FP
Asian stocks gained as economic growth in China met economists' projections and U.S. housing starts increased. The MSCI Asia Pacific Index rose 0.8% to 123.91, set for the highest close since September 19. Japan's Nikkei 225 Stock Average climbed 2% and Australia's S&P/ASX 200 gained 0.9%. South Korea's Kospi Index rose 0.1% and Hong Kong's Hang Seng Index advanced 0.6%.
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Thu, 18 Oct 2012 07:00:29 GMT

China shows signs of economic recovery after 7-quarter slowdown

China's retail sales, fixed-asset investment and industrial output accelerated in September, easing pressure to add stimulus in order to support nation's economy after a 7-quarter slowdown.  GDP rose 7.4% in the Q3 from the previous year, according to the National Bureau of Statistics.  The figure matched economists' forecast. GDP expanded 2.2% from the Q2, a 4-quarter high. 

Thu, 18 Oct 2012 07:31:27 GMT

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