Shares in Asia rose on Thursday, responding to a growing on Wall Street which posted a gain for the first time in three days.
Hong Kong's Hang Seng Index rose 0.4%, while Sydney's S&P/ASX 200 gained 0.5%. Korea's KOSPI rose 0.6%. Tokyo's Nikkei 225 rose a slight 0.2%.
Yahoo Japan Corp. (TOKYO:4689) rose 2% after the information it would take a stake in a credit-card company to expand its e-commerce.
Overnight, U.S. stocks rose on bets that the second quarter GDP report will reveal a solid rise in economic activity, while first-quarter report have shown a contraction of 1.0%
The Dow 30 rose 0.29%, the S&P 500 index has growing on 0.49%, while the NASDAQ Composite index rose 0.68%.
Shares
in Asia rose on Thursday, responding to a growing
on Wall Street which posted a gain for the first time in three
days.
Hong Kong's Hang Seng Index rose 0.4%, while Sydney's
S&P/ASX 200 gained 0.5%. Korea's KOSPI rose 0.6%. Tokyo's Nikkei
225 rose a slight 0.2%.
Yahoo Japan Corp. (TOKYO:4689) rose 2%
after the information it would take a stake in a credit-card company
to expand its e-commerce.
Overnight, U.S. stocks rose on bets
that the second quarter GDP report will reveal a solid rise in
economic activity, while first-quarter report have shown a
contraction of 1.0%
The Dow 30 rose 0.29%, the S&P 500
index has growing on
0.49%, while the NASDAQ Composite index rose 0.68%.
The
Commerce Department reported that U.S. gross domestic product
contracted at an annual rate of 2.9% in the first quarter of the
year, far surpassing consensus forecasts for a decline of 1.7%.
U.S.
durable goods orders fell 1.0% and core durable goods orders
fell 0.1% in May contrary to expectations for increase of 0.2%
and 0.4%, respectively.
Stocks rose anyway, as recent economic
indicators have shown that a U.S. economy rebounding from a
inertly winter.
