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Asian Stocks Climb to Five-Year High

Written By Kontak Perkasa Futures on Tuesday, April 30, 2013 | 9:36 AM

Reuters, (30/4) --Asian stocks rose, sending the benchmark index to its highest level since June 2008, as U.S. home sales climbed and investors speculated central banks will extend stimulus measures. The won gained and silver declined.

The MSCI Asia Pacific Index climbed 0.4 percent at 9:35 a.m. in Tokyo. Japan’s Topix Index added 0.4 percent, set for its best month since 1999. Futures on the S&P 500 Index were little changed. South Korea’s currency strengthened against all its major peers, while the yen fell 0.2 percent to 97.91 per dollar. Silver and copper slid 0.4 percent.

Taiwan’s economy expanded at a slower pace than economists estimated in the first quarter, data showed today. Gross domestic product rose 1.54 percent from a year earlier, after increasing 3.72 percent in the final quarter of 2012. Economists forecast 3.1 percent growth, according to the median estimate in a Bloomberg survey.

Chinese markets are closed today for holidays, while Japan’s were shut yesterday.
Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 9:36 AM
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