Asian stocks rally on enlarging hopes about monetary easing

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Source: Marketwatch

Asian stock markets extended gains on Tuesday on investor hopes Beijing will intervene to support economic growth. Shanghai Composite Index rallied 2.61%, Hong Kong's Hang Seng Index added 0.9% and Japan's Nikkei Stock Average climbed 0.4%. Australia's S&P/ASX 200 index gained 1.1% and South Korea's Kospi increased 0.4%.

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Tue, 10 Jan 2012 08:56:53 GMT

Gold erases losses on weaker US Dollar

Gold rebounded after losses as appreciation of the US Dollar slowed down. The Dollar index was flat on Tuesday at 81.131. COMEX gold for delivery in February traded at USD1,613.85 a troy ounce, on the New York Mercantile Exchange, edging up 0.36% since opening.

Tue, 10 Jan 2012 07:52:40 GMT

US shares edge higher on Monday

US shares closed higher on Monday as worries about European debt crisis were outweighed by data indicating the recovery of US economy. Dow Jones Industrial Average added 0.27% or 32.77 points and finished at 12,392.69, S&P 500 index rose 0.2% or 2.89 points at 1,280.70 while Nasdaq Composite gained 0.1% or 2.34 points, closing at 2,676.56.

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