Asia stocks recover on US data

Note: This section contains information in English only.
Source: Marketwatch
Asian markets moved higher on Friday fuelled by positive news from the US where the number of jobless claims dropped to the lowest level since April 2008 and consumer confidence was higher than expected. Shanghai Composite advanced 1.2% and South Korea's Kospi climbed 1.3%. Hang Seng Index traded up 1.1% while Australia's S&P/ASX 200 index rose 1.2%. Japanese markets were closed.

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Fri, 23 Dec 2011 08:36:46 GMT

US equities rebound on better-than-expected economic data

US stocks rose on Thursday after data showed jobless claims declined while consumer confidence surged more than expected. Dow Jones Industrial Average gained 0.5% or 61.91 points closing at 12,169.65 while S&P 500 Index added 0.8% or 10.28 points, reaching 1,254.00. Nasdaq Composite also ascended 0.8% or 21.48 points attaining 2,599.45.

Thu, 22 Dec 2011 17:57:17 GMT

Taiwan to boost credit guarantee fund

Taiwan's government announced it would inject more resources in the credit guarantee fund that supports small and medium enterprises as bleak economic outlook started to impact the export-led economy of the country. The government plans to pump NT$8 billion into the organization rising its coverage for NT$112 billion in loans. Taiwan's GDP increased by 4.51% in 2011 as compared to 4.56% initially expected.

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