Nikkei: 9,755.10 (+46.31) Hang Seng: 23,527.52 (+76.09) Shanghai Comp: 2,928.11 (–27.66)ASIAN STOCKS rose yesterday, with the benchmark regional index erasing losses since Japan's March 11th earthquake, as a jobs report boosted optimism in the US economy and Chinese companies posted earnings that beat analyst estimates.
HTC, which counts America as its biggest market, climbed 5 per cent to NT$1,150 in Taipei.
Yue Yuen, the maker of shoes for Nike that gets about 29 per cent of sales from the US gained 2.5 per cent to HK$24.75.
Techtronic Industries, the maker of Hoover vacuum cleaners and Ryobi power tools, advanced 3.7 per cent to HK$10.80.
Industrial and Commercial Bank of China, the nation’s biggest lender, rose 1.3 per cent to HK$6.46 in Hong Kong. The company said full-year net income rose 28 per cent to ¥165.2 billion.
Bank of Communications, China’s fifth-largest lender, climbed 2.9 per cent to HK$8.56.
Rusal, the world’s largest aluminium maker, climbed 4.4 per cent to HK$13.44.
China Communications Serv-ices, which provides engineering services to phone companies,slumped 16 per cent to HK$4.73. – (Bloomberg)
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