Investing.com - Financial Markets Worldwide
🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Asian shares gain led by Tokyo as industrial output boosts growth hopes

Published 02/26/2015, 08:44 PM
Updated 02/26/2015, 08:45 PM
© Reuters. Asian stocks up
US500
-
DJI
-
AXJO
-
JP225
-
HK50
-
IXIC
-

Investing.com - Shares in Tokyo gained on Friday after stronger than expected industrial production stoked growth hopes despite disappointing jobs, concumer prices and retail sales data.

The Nikkei 225 gained 0.32% before the break.

National core CPI in Japan rose 2.2%, below the 2.3% year-on-year for January expected. The unemployment rate in January ticked up to 3.6%, compared to an expected steady rate of 3.4%. Household spending fell 5.1% in January year-on-year.

Industrial production month-on-month jumped 4.0%, well above an expected gain of 2.7% and retail sales fell 2.0%, compared to a forecast of down 1.3% year-on-year.

Overall on jobs in Japan. the number of unemployed fell 70,000 on year in January to 2.31 million,the 56th straight drop from year-earlier levels.

And more workers were hired in manufacturing after months of decline, thanks to the gradual pickup in production and exports.

In Australia private sector credit for January rose 0.5% month-on-month, matching expectations.

The S&P/ASX 200 was a tad higher, up 0.09%. The Hang Seng index was up 0.08% before the midday break.

Overnight, stocks fell on the Dow Jones Industrial Average and the S&P 500 Composite index on Thursday, both remained on track for their best monthly performance in more than three years with one trading day left in the month of February.

The NASDAQ Composite index, meanwhile, closed higher for the 11th time in 12 days, as it inched closer to the 5,000 barrier.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.