in Asia, the stock markets recovered for the first time in three days after European debt concerns eased following the conclusion of talks between the Government of Cyprus, the International Monetary Fund and the EU. A positive figure for orders from US industries (the best in the last five months) helped lift the mood. Among the headline stocks, Canon, the Japanese camera maker that gets 80 percent of its revenue overseas, gained 0,9 percent. Fast Retailing jumped 8,8% on news that sales at Asia's largest apparel retailer's Uniqlo Japan outlets rose 23%. Alacer Gold was down 6,3% in Sydney on falling gold prices.
THEMSCI Asia Pacific index it gained 0,3% at 134.14 at 9:49 am in Tokyo, before the opening of the markets of China and Hong Kong. The Nikkei 225 Stock Average was up 1,8% pending the meeting of the Japanese central bank which should decide on the adoption of new stimuli to the economy, such as the purchase of government bonds. Australia's S&P/ASX 200 was narrowly changed, while the kiwifruit NZX 50 was up 0,2 percent.
“The US economy is improving and Europe's problems seem less worrying” comments Shane Oliver, head of investment strategy at AMP Capital Investors in Sydney. "In a situation like this, you don't want to be too 'bear' but you should look for investment opportunities."
http://www.bloomberg.com/news/2013-04-03/asia-stocks-rise-on-waning-europe-woes-u-s-factory-data.html
