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16.07.2012 08:39

Asia Pacific stocks close:

 

Asian stocks rose after Premier Wen Jiabao said China will increase measures to support growth in the world’s second-largest economy. Gains were limited amid concern about falling profits for Asian companies.

Nikkei 225 8,724.12 +4.11 +0.05%

S&P/ASX 200 4,105.1 +22.85 +0.56%

Shanghai Composite 2,147.96 -37.93 -1.74%

Guangzhou R&F Properties Ltd., a developer in the southern Chinese city, advanced 4.9 percent in Hong Kong.

Whitehaven Coal Ltd. soared 18 percent after Australian mining magnate Nathan Tinkler offered to buy out the rest of the coal producer.

Daekyung Machinery & Engineering Co. fell 8.3 percent in Seoul after a shipmaker dropped its bid for the chemical machinery maker.

ZTE Corp., a Chinese telecommunications equipment maker, slumped 16 percent after saying first-half profit may plunge 80 percent.

Market Focus

  • Euro Area trade balance surplus declined significantly in August
  • Consumer prices in China were up 1.6 percent on year in September,
  • US consumer sentiment surged in early October, reaching its highest level since the start of 2004 says UoM
  • Earnings Season in U.S.: Major Reports of the Week
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