{"id":12335,"date":"2012-02-16T02:02:42","date_gmt":"2012-02-16T02:02:42","guid":{"rendered":""},"modified":"2012-02-16T02:02:51","modified_gmt":"2012-02-16T02:02:51","slug":"Asian-stocks-rise-on-US-recovery-optimism","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=12335","title":{"rendered":"Asian stocks rise on US recovery optimism"},"content":{"rendered":"<p><strong>Asian stocks rose strongly on toay after encouraging U.S. housing and employment reports sent Wall Street to its highest level this year and added to growing optimism of a recovery in the world&#8217;s No. 1 economy.<\/strong><\/p>\n<p>Tokyo&#8217;s benchmark Nikkei 225 index jumped 1.9 percent to 9,412.27. Seoul&#8217;s Kospi rose 1.6 percent to 2,028.33 and Hong Kong&#8217;s Hang Seng was up 1.1 percent to 21,508.53.<br \/>\nSydney&#8217;s S&#038;P\/ASX 200 climbed 0.5 percent to 4,204.60 and China&#8217;s Shanghai Composite Index edged up 0.2 percent to 2,361.82. Benchmarks in Taiwan, Singapore and New Zealand also rose.<\/p>\n<p><strong>Investors in Asia took heart following solid gains on U.S. markets on Thursday that also temporarily pushed away fears over long-running bailout talks for debt-stricken Greece.<\/strong><\/p>\n<p><strong>Stocks rose after reports showed unemployment benefit applications dropped for the fourth time in five weeks to a four-year low and a rise in building permits suggested growing confidence about homebuying.<\/strong><\/p>\n<p>The Dow Jones industrial average closed at 12,904.08, its highest in four years. The broader Standard &#038; Poor&#8217;s 500 finished at 1,358.04, its close in nine and a half months. The Nasdaq composite rose 44.02 points to 2,959.85, its highest level since 2000.<\/p>\n<p>In currencies, the dollar strengthened to 79.06 Japanese yen from 78.88 yen in late trading Thursday while the euro fell to $1.3132 from 1.3143.<\/p>\n<p><strong>Things are looking up!<\/strong><\/p>\n<p><em>Via yahoo.com<\/em><br \/>\n<!--break--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asian stocks rose strongly on toay after encouraging U.S. housing and employment reports sent Wall Street to its highest level<\/p>\n","protected":false},"author":1,"featured_media":70655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[1],"tags":[],"class_list":["post-12335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"magazineBlocksPostFeaturedMedia":{"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"colormag-highlighted-post":false,"colormag-featured-post-medium":false,"colormag-featured-post-small":false,"colormag-featured-image":false,"colormag-default-news":false,"colormag-featured-image-large":false,"colormag-elementor-block-extra-large-thumbnail":false,"colormag-elementor-grid-large-thumbnail":false,"colormag-elementor-grid-small-thumbnail":false,"colormag-elementor-grid-medium-large-thumbnail":false},"magazineBlocksPostAuthor":{"name":"Admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"1","magazineBlocksPostExcerpt":"Asian stocks rose strongly on toay after encouraging U.S. housing and employment reports sent Wall Street to its highest level","magazineBlocksPostCategories":["News"],"magazineBlocksPostViewCount":150,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":false,"medium":false,"thumbnail":false},"magazine_blocks_author":{"display_name":"Admin","author_link":"https:\/\/asiancemagazine.com\/?author=1"},"magazine_blocks_comment":1,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-1\">News<\/a>","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/12335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12335"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/12335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/70655"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}