Asian Stocks Rise as US Manufacturing Expands; Toyota Climbs – BusinessWeek- About: Stock Trading News
The MSCI Asia Pacific Index gained 1 percent to 117. The gauge sank 3 percent last month, the most since February last year, on concern central banks from China to India will tighten monetary policy to curb inflation. A gauge of material producers on the MSCI Asia Pacific Index rose 1. Concerns that central banks will take steps to prevent regional economies from overheating has brought the average price of the MSCI Asia Pacific Index’s companies down to 1. The MSCI Asia Pacific’s 200-day moving average could provide a strong support for the gauge, he said. The MSCI Asia Pacific Index advanced 34 percent last year, the most since 2003, on optimism growth in Asia, led by China and India, will help drag the global economy out of its worst recession since World War II. read more
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