share platforms of the Asia-Pacific region show growth on Tuesday on increasing industrial production in China, the fastest pace in 16 months and exceeded the expectations of quarterly results of Hon Hai Precision Industry Co., reports Bloomberg.
Composite stock index MSCI Asia Pacific Asia Pacific rose by 0,3% with the opening of trading - to 113,70 points.
Japanese Nikkei 225 index added 0.5%.
Industrial production growth in China accelerated in August as compared to previous months, released on Tuesday shows the index procurement managers.
official figure, calculated Federation of Logistics and Procurement China, rose to 54 points from 53.3 points in July and 53.2 points in June, which economists attributed primarily to the effectiveness of measures taken by the State to stimulate the economy and increased volumes its lending. Grown up all the components of the index: indicators of output, the volume of orders, employment.
Chinese Shanghai Composite index rose by 0,4%.
I do not see why the stock market should shlopnutsya, - said Hem Up from Baring Asset Management (Asia) Ltd. in Hong Kong. - In China, there is no reverse, the trend of growth. At the high-tech companies, primarily in Taiwan and in South Korea, favorably affects recovery.
value of shares of the largest global manufacturer of electronics under license Hon Hai Precision jumped 6.3% - up to 118 new Taiwan dollars. Goldman Sachs has improved the assessment of the company's shares on 4,7% - to 135 new Taiwan dollars.
Net profit
Taiwanese company, which holds the iPhone for Apple, for the second quarter increased by 27% - to 15.1 billion new Taiwan dollars ($ 459 million). Analysts expected rate increase to 11.7 billion new Taiwan dollars.
Quotes securities Samsung Electro-Mechanics Co., generating electronic components, rose by 5,5% - to 94,2 thousand won, as Woori Investment Securities forecast has improved its stock price from 83 thousand to 110 thousand won . won.
price of securities of the third-largest mining company in the world Rio Tinto Group, which last year received 19% of the proceeds from transactions with China, increased by 1,2%. The world leader of the extractive sector, BHP Billiton Ltd. capitalization increased by 0,5%.
stock price of the Japanese manufacturer of glass products for cars, solar panels and glazing of buildings Nippon Sheet Glass Co. increased by 3,4% as Nikkei predicts that sales of glass for solar cells in April-September, will grow by 15%.
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Review of the FOREX market for 31.08.09