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08.03.2013 10:03

Asia Pacific stocks close:

Asian stocks gained, with the regional benchmark index poised for to rise for a third week. Japan’s Nikkei 225 Stock Average erased losses from before the 2008 collapse of Lehman Brothers Holdings Inc. as the country’s economy returned to growth, jobless claims in the U.S. dropped and China’s exports beat estimates.

Nikkei 225 12,283.62 +315.54 +2.64%

Hang Seng 23,091.95 +320.51 +1.41%

S&P/ASX 200 5,123.44 +14.24 +0.28%

Shanghai Composite 2,318.61 -5.68 -0.24%

Honda Motor Co., which gets 44 percent of its car sales from North America, climbed 2.5 percent in Tokyo.

Sekisui House Ltd. jumped 16 percent after the Japanese homebuilder’s operating profit forecast beat estimates.

Rio Tinto Group gained 1.8 percent in Sydney after the world’s second-biggest mining company reopened its coal mine in Mozambique and metal prices rose.


Market Focus

  • U.S. commercial crude oil inventories decreased by 2.5 million barrels from the previous week
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
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