Nikkei 225 closes 0.3% up

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Source: Marketwatch
Japan's Nikkei Stock Average rebounded on Wednesday as Chinese official data showed manufacturing activity in world's second biggest economy improved in April. Nikkei 225 index climbed 0.31% or 29.30 points and finished at 9,380.25. Japan Tobacco advanced 2.4% on news the cigarette producer will increase its dividend and prepares to boost prices in order to meet its earnings target. Kansai Electric shed 1.2% on speculations government may not allow restarting reactors in Ohi this summer. Sharp extended loss and dropped 4.3%.  

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Wed, 02 May 2012 10:28:48 GMT

Hang Seng index jumps 1% after holiday

Hong Kong's Hang Seng index followed its Chinese counterpart and rallied on Wednesday supported by positive manufacturing expansion in mainland. China's official PMI climbed from 53.1 in March to 53.3 in April. Hang Seng index jumped 1.02% or 214.87 points and settled at 21,309.08. Eight sectors within the index posted substantial gains. China Coal Energy gained 1.4% and Cathay Pacific

Wed, 02 May 2012 09:30:47 GMT

Asian shares lifted by official China's PMI data

Asian share markets traded mostly higher on Wednesday as most of investors returned from holiday and anticipated optimistic Chinese official PMI data which indicated expansion. Hang Seng index climbed 1%, Shanghai Composite index added 1.8% and South Korea's Kospi gained 0.8%. Japanese Nikkei 225 index surged 0.3% and Australia's S&P/ASX 200 soared 0.1%.

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