Asian stocks rise, extending global rally on bank profits
Bareksa • 16 Jan 2014
A man looks at an electronic stock board displaying the closing figure of the Nikkei (BLOOMBERG/ Kiyoshi Ota)
The fundamental story is real and strong enough to keep the market going
Bloomberg - Asian stocks rose for a second day as better-than-projected bank earnings boosted investor confidence and drove U.S. stock gauges to record highs.
China South City Holdings Ltd. soared 57 percent in Hong Kong as Tencent Holdings Ltd. said it will buy a stake in the logistics-center operator. Newcrest Mining Ltd., Australia’s biggest gold producer, jumped 6.6 percent after saying gold production will be around the top of its forecast range.