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Equity Research
Asian stocks rose, driving the MSCI Asia Pacific Index to a six-week high,
as better-than-estimated U.S. jobs data and a pledge by French
President Nicolas Sarkozy to support Greece boosted confidence in the
global recovery. The MSCI Asia Pacific Index rose 1.6 percent to
122.21, set to close at the highest level since Jan. 22. The gauge has
fallen 3.6 percent from a 17-month high on Jan. 15 on concern over
budget deficits in Europe and speculation governments around the
world will withdraw stimulus. Hong Kong’s Hang Seng Index jumped 2.1
percent, while Japan’s Nikkei 225 Stock Average rose 1.6 percent.
Australia’s S&P/ASX 200 Index gained 0.9 percent. South Korea’s Kospi
Index climbed 1.2 percent.
http://www.nirmalbang.com/Upload/Daily080310.pdf
as better-than-estimated U.S. jobs data and a pledge by French
President Nicolas Sarkozy to support Greece boosted confidence in the
global recovery. The MSCI Asia Pacific Index rose 1.6 percent to
122.21, set to close at the highest level since Jan. 22. The gauge has
fallen 3.6 percent from a 17-month high on Jan. 15 on concern over
budget deficits in Europe and speculation governments around the
world will withdraw stimulus. Hong Kong’s Hang Seng Index jumped 2.1
percent, while Japan’s Nikkei 225 Stock Average rose 1.6 percent.
Australia’s S&P/ASX 200 Index gained 0.9 percent. South Korea’s Kospi
Index climbed 1.2 percent.
http://www.nirmalbang.com/Upload/Daily080310.pdf