Asian equities jump as banks gain

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Source: Marketwatch
© Scanpix/AFP

Asian stocks experienced an increase as investors reacted positively on latest reports from Europe. Shanghai Composite rose 0.2%, while Hong Kong's Hang Seng Index climbed 2%. South Korea's Kospi added 2.2%, Japan's Nikkei Stock Average gained 1.6% and Australian S&P/ASX 200 index advanced by 1.9%. Several reports were published during weekend indicating progress in taming debt crisis.

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Mon, 28 Nov 2011 09:04:46 GMT

Chinese corporate profit growth shrinks amid property curbs

In October Chinese corporate profit growth slowed down, said the National Statistics Bureau. The net income for industrial companies added 12.5% in October on yearly basis losing about a half the 27% pace from previous 3 quarters this year. Corporate profit growth in China is sluggish as Europe struggles to tackle its debt crisis which is hurting exports demand.

Mon, 28 Nov 2011 09:15:18 GMT

Moody's warns that all Eurozone credit ratings are threatened

Moody's Investors Service announced that rapid acceleration of European debt crisis is pressuring all of the Eurozone national credit ratings. In case appropriate measures will not be implemented, the upward trend for credit risks will persist, said Moody's Investors Service. Moody's also is planning to review whole architecture of its ratings in Europe by the end of first quarter in 2012.

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