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17.05.2013 08:39

Friday: Asia Pacific stocks close

Asia's benchmark stock index is poised for a second weekly advance after Japan's Topix Index closed at the highest level since 2008 as leasing companies rallied on a report Prime Minister Shinzo Abe will encourage the practice to revive capital spending.

Nikkei 225 15,138.12 +100.88 +0.67%

S&P/ASX 200 5,180.77 +15.11 +0.29%

Shanghai Composite 2,282.87 +31.06 +1.38%

Orix Corp., which provides leasing and loans, jumped 9.2 percent in Tokyo.

Mizuno Corp. surged 18 percent after the Japanese sportswear company more than doubled its net-income forecast.

Singapore Airlines Ltd. dropped 4 percent after posting a wider operating loss.

WorleyParsons Ltd., Australia's largest oil and gas engineering company, plunged 13 percent after forecasting weaker earnings.

Market Focus

  • The Bank of Japan decided by a 7-2 majority vote to hold the interest rate at -0.10%
  • Earnings Season in U.S.: Major Reports of the Week
  • U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week
  • Australian unemployment rate stable at 5.6% in June
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