Belfast Telegraph

Thursday 28 August 2014

Stocks rebound despite concerns

Stock markets across Asia are on the up

Asian stock markets have rebounded, led by oil and technology shares, despite uncertainty about the fragile global economy.

Crude rose above 93 US dollars in Asian trading, helping to boost energy stocks.

The regional heavyweight, Tokyo's Nikkei 225 index, gained 0.6% to 9,142.29 while China's benchmark Shanghai Composite Index added 0.1% to 2,027.03. Hong Kong, Seoul and Sydney also rose.

The gains helped to reverse some of the week's losses after Japanese data showed exports suffered from debt-crippled Europe's downturn and a Chinese index showed manufacturing contracted in September.

Hong Kong's Hang Seng rose 0.7% to 20,741.3. Seoul's Kospi index added 0.5% to 2,001.33 and Sydney's ASX S&P 200 rose 0.4% to 4,413.6.

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