Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Asian stocks up modestly; U.S., Europe markets closed

March 29, 2013
0

BANGKOK — Asian stock markets were mostly higher Friday as momentum carried over from yet another record high on Wall Street.

Trading remained thin, however, as stock, bond and commodities markets were closed for Good Friday in the U.S. and Europe, along with large parts of Asia.

The Standard and Poor's 500 index closed Thursday at its highest level, driven by more encouraging data on the U.S. economic recovery. The government said the economy grew at an annual rate of 0.4 percent in the October-December quarter, slightly better than previous estimates. The revision reflected stronger business investment and export sales.

Those markets open in Asia reflected the good news out of the U.S.: South Korea's Kospi rose 0.6 percent to 2,004.89. Taiwan's TAIEX advanced 0.7 percent to 7,918.61.

Japan's Nikkei reversed early losses to rise 0.5 percent and close at 12,397.91.

Comment Policy
Register to the Colorado Springs Gazette
Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Subscribe to the Colorado Springs Gazette

Some news is free.
Exceptional journalism takes time, effort and your support.

Already a Subscriber? LOGIN HERE

articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.