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- Asian Stocks close: stocks increased due to signs of improving economic activity in China
Asian Stocks close: stocks increased due to signs of improving economic activity in China
Asian stock
increased due to signs of improving economic activity in China. Retail sales in
China increased 12.5% in May, exceeding expectations for a 12.3% gain, after a
11.9% rise in April.
The Chinese
industrial production rose 8.8% in May, meeting expectations, after a 8.7%
increase in April.
Escalating
violence in Iraq weighed on markets.
Indexes on
the close:
Nikkei
225 15,097.84 +124.31 +0.83%
Hang
Seng 23,319.17 +144.15
+0.62%
Shanghai
Composite 2,070.71 +19.00 +0.93%
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