- Title: VARIOUS: Stock markets in Asia open higher following Wall Street gains
- Date: 30th August 2011
- Summary: TOKYO, JAPAN (AUGUST 29, 2011) (REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE (TSE) BUILDING TSE MARKET CENTRE AREA ELECTRONIC BOARD SHOWING NIKKEI AVERAGE AT 8802.25, UP 4.47 POINT TSE MARKET CENTRE VARIOUS OF TSE STAFF WORKING MORE OF TSE MARKET CENTRE VARIOUS OF DEALERS WORKING AT TOKYO FOREX UEDA HARLOW MONITOR SHOWING DOLLAR BEING TRADED AT 76.74 YEN VARIOUS OF DEALERS WORKING SEOUL, SOUTH KOREA (AUGUST 29, 2011) (REUTERS) SEOUL STOCK MARKET ELECTRONIC BULLETIN SHOWING THE KOREA COMPOSITE STOCK PRICE INDEX (KOSPI) VARIOUS OF ELECTRONIC STOCK BOARDS WOMEN WATCHING COMPUTER MONITOR SHOWING KOSPI GRAPH STOCK BULLETIN SIGN READING: "KRX KOREA EXCHANGE" MORE OF STOCK MARKET HONG KONG, CHINA (AUGUST 29, 2011) (REUTERS) STOCK EXCHANGE FLOOR ELECTRONIC STOCKS BOARD HANG SENG INDEX ON STOCKS BOARD VARIOUS OF TRADERS TALKING STOCKS BOARD HANG SENG INDEX PREVIOUS CLOSE
- Embargoed: 14th September 2011 03:06
- Location: Taiwan, Province of China, Japan, Hong Kong, China, Korea, Republic of
- Country: Taiwan, Province of China Hong Kong Japan China Korea, Republic of
- Topics: Economy
- Reuters ID: LVA47JHSNLUO73M2D322NVD0TOW5
- Aspect Ratio: 4:3
- Story Text: Stock markets in Asia opened strong on Monday (August 29) morning, after U.S. Federal Reserve Chairman Ben Bernanke left the door open for further action to stimulate the U.S. economy and fight its high unemployment.
Stocks followed Wall Street gains on Friday (August 26) after Bernanke said the U.S. central bank's policy panel would meet for two days next month instead of one to discuss additional monetary stimulus, offering some hope to investors.
Japan shares edged up, but trading volume was subdued ahead of Japan's ruling party leadership elections and major U.S. economic indicators coming out later this week.
The benchmark Nikkei rose 0.5 percent to 8,845.19 by the midday break, while the broader Topix index climbed 0.5 percent to 759.45.
Seoul shares opened 1.6 percent higher, led by blue chip shares such as Hyundai Motor.
The Korea Composite Stock Price Index (KOSPI) rose 1.44 percent to 1,804.50 points minutes after the markets opened.
Hong Kong stocks moved up 300.18 points, or 1.53 percent, to open at 19,883.06.
China's stocks opened a bit lower with the benchmark Shanghai Composite Index down 0.64 percent to open at 2,595.47.
The Shenzhen Component Index opened 0.89 percent lower at 11,464.88.
Taiwan stocks rose 0.51 percent, with Asustek up 2.25 percent after the company posted a forecast-beating second-quarter net profit.
The main TAIEX index rose 37.82 points to 7,482.92, after ending up 0.46 percent in the previous session.
Rubber and oil counters were the biggest winners, gaining over 0.9 percent each.
Electronics shares were up 0.5 percent while financial shares climbed 0.64 percent.
The Taiwan dollar weakened 0.14 percent to T$29.1.
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