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- Asian Stocks close: most stocks closed higher due to yesterday’s strong U.S. housing market data
Asian Stocks close: most stocks closed higher due to yesterday’s strong U.S. housing market data
Most Asian stock indices closed higher due to yesterday's strong U.S. housing market data. Housing starts in the U.S. jumped 15.7% to 1.093 million units in July from 945,000 units in June. That was the strongest rate since November.
The number of building permits rose by 8.1% to 1.052 million units in July from 973,000 in June.
Japan's adjusted trade deficit declined to 1,023.8 billion yen in July from a deficit of 1,067.8 in June, missing expectations for a fall to a deficit of 770 billion yen. June's figure was revised up from a deficit of 1,080.8 billion yen.
Japan's all industry activity index fell 0.4% in June, missing expectations for a 0.2% decline, after a 0.6% increase in May.
BHP Billiton Ltd. shares dropped 3.9% after announcing a spinoff and refraining from a share buyback.
Indexes on the close:
Nikkei 225 15,454.45 +4.66 +0.03%
Hang Seng 25,159.76 +36.81 +0.15%
Shanghai Composite 2,240.21 -5.12 -0.23%
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