The MSCI Asia Pacific rose 1.6% to 118.09
Stock Report June 25th, 2010
Asian stocks rose, so bring MSCI Asia Pacific index climbed the highest in 2 months, after a report showed manufacturing in the U.S. have exceeded estimates and the expansion of commodity prices climbed.
Canon Inc., camera manufacturers are getting around 28% revenues from the U.S., rose 3.4% in Tokyo. Toyota Motor Corp. gained 5.5% after saying’ll run some of which had stopped production. BHP Billiton Ltd. gained 3.2% in Sydney. Mitsui Mining & Smelting Co. climbed 7.7% in Tokyo.
The MSCI Asia Pacific Index rose 1.6% to 118.09 at 11:07 am in Tokyo, the highest increase since 30 November. The index has trimmed 3% in the last month, the deepest decline since February last year, triggered concern central banks from China to India to tighten monetary policy to contain inflation. A number of economists in a Bloomberg News survey predicted the Reserve Bank of Australia will raise its reference rate in the meeting today.
The Nikkei 225 Stock Average climbed 1.9% Japan to 10,396.48. Index S & P / ASX 200 rose 1.5% Australia in Sydney. South Korea’s Kospi rose 0.6%.
Canon shares rose 3.4% to 3635 yen. Sony Corp. has gain 3.4% to 3165 yen. Toyota rose 5.5% to 3640 yen.
BHP shares rose 3.2% to A $ 40.45, Rio Tinto Ltd rose 4.6% to A $ 70.54. Mitsubishi Corp. climbed 4.7% to 2241 yen.
Crude oil for March delivery rose 2.1% to U.S. $ 74.43 per barrel in New York yesterday for the U.S. manufacturer reports indicate the use of fuel oil in the U.S. rose. Copper contract climbed 0.7% today, continuing increase 1% yesterday. Mitsui Mining shares rose 7.7% to be 253 yen
