Asian
stocks rose, with the regional gauge heading for a 2 1/2-week high,
amid optimism in the strength of the world™s largest economy.
The
MSCI Asia Pacific Index gained 0.2 percent to 138.04 as of 9:01 a.m. in
Tokyo, before markets opened in Hong Kong and China. Australia™s
S&P/ASX 200 Index added 0.5 percent, on volume 62 percent below the
30-day intraday average, as it resumed trading after a two-day Christmas
break. Shares of AirAsia Bhd. may move after one of its planes carrying
162 people went missing.
American
equity gauges climbed to records last week and a gauge of volatility
slumped as data showed U.S. gross domestic product increased at a 5
percent annual rate from July through September, the fastest pace since
2003. Futures on the Standard & Poor™s 500 Index were little changed
today.
Japan™s
Topix index advanced 0.4 percent. South Korea™s Kospi index fell 0.6
percent. New Zealand™s NZX 50 Index slipped from an all-time high,
dropping 0.1 percent.
Data
at the weekend showed Chinese industrial company profits fell the most
in two years last month, adding to signs of a deepening slowdown in
Asia™s largest economy. China is headed for its slowest annual growth
since 1990 amid industrial overcapacity, a housing slump and
factory-gate deflation.
Source : Bloomberg
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