Asian Stocks Gain on U.S. Growth Signs as Oil Rises, Kiwi Drops
Bloomberg, (24/4) -- Most Asian stocks
gained after U.S. home sales increased and Apple Inc. boosted its
dividend. The New Zealand dollar advanced as the central bank said
economic growth has quickened. Oil and gold increased.
The MSCI Asia Pacific Index climbed 0.4 percent as of 9:27 a.m. in Tokyo. Standard & Poor’s 500 Index futures dropped 0.1 percent after the underlying gauge surged 1 percent yesterday. The kiwi strengthened 0.4 percent to 84.28 U.S. cents, while the yen weakened 0.2 percent to 99.66 per dollar. Oil added 0.2 percent to $89.31 a barrel and gold rose 0.3 percent. “The global liquidity story remains in place,” Dan Veru, chief investment officer at Palisade Capital Management LLC, said by phone. The Fort Lee, New Jersey-based firm manages $3.8 billion. “The U.S. |