Asia stocks rise on U.S. retail data

Note: This section contains information in English only.
Source: The Wall Street Journal
© Scanpix/AP
Asian stocks rose on Tuesday, lead by better-than-forecast U.S. retail sales, pushing Dow Jones Industrial Average 0.7% up, and a rebound of Softbank Corp.'s shares in Tokyo. The Nikkei surged 1.2%, the Kospi added 0.9%, while the S&P/ASX 200 and the Hang Seng indices both advanced 0.3%. The Shanghai Composite index gained 0.5%.
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Tue, 16 Oct 2012 07:58:19 GMT

Asian currencies rise on U.S. retail sales data

Asian currencies advanced as U.S. retail sales data surpassed economists' expectations, thus supporting demand for higher-yielding currencies. Advanced retail sales in the U.S. increased 1.1% last month, while economists anticipated a 0.8% gain. South Korea's Won rose 0.3% to 1,107.13 per U.S. Dollar and the Philippine Peso gained 0.2% to 41.397. India's Rupee advanced 0.2% to 52.9126 and Malaysia's Ringgit

Tue, 16 Oct 2012 08:19:21 GMT

Wheat slumped on weak demand for US shipments

Farm commodities plunged on Monday as favorable weather conditions accelerated harvesting in the US and Brazil. Slightly lower US Dollar despite encouraging national data restricted losses of rural commodities. Wheat lost almost 1% after US numbers showed that farmers sold only 14,200 tons of grain last week, the lowest level since June.Corn was the top-loser as US harvesting is accelerating.

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