Asian
stocks rose for a third day after data on retail sales bolstered
confidence in the strength of the U.S. economy and a weaker yen sent
Japanese shares higher.
The
MSCI Asia Pacific Index gained 0.2 percent to 147.81 as of 9:01 a.m. in
Tokyo, headed for a 0.1 percent decline this week. Japan’s Topix index
added 0.2 percent after the yen slid 0.6 percent against the dollar
Thursday. The Standard & Poor’s 500 Index climbed 0.2 percent as
sales at U.S. retailers picked up in May and applications for
unemployment benefits remained below 300,000 for a 14th straight week.
The International Monetary Fund said its team negotiating with Greece
left Brussels after failing to make progress on a debt deal.
European
Union President Donald Tusk told Greece’s Alexis Tsipras to stop
maneuvering and decide whether to accept the conditions on financial
aid. Tusk abandoned his neutral position as a broker of EU compromises
to signal Greece’s creditors are preparing to hand Tsipras an ultimatum.
South
Korea’s Kospi index gained 0.6 percent. New Zealand’s NZX 50 Index rose
0.1 percent. Australia’s S&P/ASX 200 Index lost 0.1 percent.
Markets in China and Hong Kong have yet to open.
The
Shanghai Composite Index closed 0.3 percent higher on Thursday, rising
for the first time in three days as higher-than-estimated growth in
industrial output and the broadest gauge of credit as well as a jump in
new home sales signaled the nation’s economy may be stabili.
Source : Bloomberg
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