Belfast Telegraph

Sunday 28 December 2014

Asian stocks rise as worries ease

Japan's Nikkei 225 index gained one per cent to 8,471
Japan's Nikkei 225 index gained one per cent to 8,471

Asian stock markets have risen, driven higher by a successful bond issue in Europe that eased worries over the continent's sovereign debt crisis.

Japan's Nikkei 225 index gained 1% to 8,471.55 and South Korea's Kospi index added 0.6% at 1,875.68.

Hong Kong's Hang Seng index rose 0.4% to 19,163.56 and Australia's S&P ASX 200 was 0.3% higher at 4,194.40.

Raw materials and industrial companies posted solid gains, following their US counterparts higher.

Japanese heavy equipment maker Komatsu Ltd jumped 3.8% and Hitachi Construction Machinery gained 3.4%.

Energy Resources of Australia soared 7.2% and Paladin Energy Ltd, an Australian uranium miner, gained 3.4%.

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