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MoneyWorks4Me

Asian markets rebound; Chinese stocks soar

27 Sep 2012 Evaluate

Asian markets rebounded from earlier days losses and ended higher on Thursday amid hopes for fresh Chinese stimulus. However, worries over a bailout for Spain and signs of Europe struggling to find a unified approach to tackle its debt crisis, capped the market gains. Shanghai Composite ended with gains of 2.6%, recovering from the multi-year low on Wednesday, on the buzz that local securities regulators will broadcast market boosting measures at a press conference later today. Hong Kong shares ended higher amid short covering in banking stocks, while, Japan's Nikkei ended up, as utilities and technology service providers led the gains.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,056.32

52.15

2.60

Hang Seng

20,762.29

234.56

1.14

Jakarta Composite

4,225.02

44.86

1.07

KLSE Composite

1,627.84

8.54

0.53

Nikkei 225

8,949.87

43.17

0.48

Straits Times

3,059.43

12.75

0.42

KOSPI Composite

1,988.70

8.26

0.42

Taiwan Weighted

7,683.80

14.17

0.18