Asian markets mostly up after Apple results

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Source: Marketwatch
Asian shares mostly climbed on Wednesday as Apple posted a 94% surge in its quarterly profit while Asia's financials and developers rallied on hopes for China's monetary accommodation. Japan's Nikkei Stock Average jumped 1%, Taiwan's Taiex surged 0.9% and China's Shanghai Composite Index added 0.8%. Hong Kong's Hang Seng index slipped 0.2%. Markets in Australia and New Zealand remained closed for a holiday.
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Wed, 25 Apr 2012 10:34:29 GMT

UK faced a recession in the first quarter

The UK economy unexpectedly contracted during the 1st quarter of 2012 as manufacturing output and construction activity declined. The British Gross Domestic Product fell 0.2% in the first quarter, following a 0.3% drop in the fourth quarter of 2011, Office for National Statistics said on Wednesday. GDP remained unchanged from the similar period year earlier. Economists predicted the economy to grow

Wed, 25 Apr 2012 09:26:29 GMT

Nikkei 225 index recovers on Wednesday

Japan's Nikkei Stock Average climbed for the first time in 5 days as US housing market showed improvements and Apple posted a 94% gain in last quarters profit. Weaker Yen helped to support export stocks. Nikkei 225 index soared 0.98% or 92.97 points and closed at 9,561.01. Nomura Holdings added 2.4% on speculation it will post an improvement in quarterly

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