Tokyo - The Japanese market extended gains Thursday as optimism spread that China's economic stimulus measures may help the world economy to recover.
As the National People's Congress, the nominal parliament of the ruling Communist Party, opened Thursday in Beijing, Japan's benchmark Nikkei 225 Stock Average jumped 196.9 points, or 2.7 per cent, to 7,487.86.
The congress is expected to focus on measures to boost China's economy to overcome the global downturn.
New York - US stocks posted strong gains Wednesday, spurred by a global rally as China prepared to unveil new plans to stimulate its economy.
China's annual National People's Congress opens Thursday. Speculation about a new stimulus package sparked a rise in metals, energy and industrial shares in the United States and across the globe.
Alcoa Inc, Freeport-McMoRan Copper & Gold Inc, and Caterpillar Inc all climbed more than 12 per cent.
Goldman Sachs, the investment banking giant, is looking to exit some of its private equity investments through secondary deals. Its 5% stake in the National Stock Exchange (NSE), the country's largest bourse, is one of the major investments on the block, sources familiar with the development said.
They said deals done by Goldman's proprietary desk are on the block. "We are reviewing investments as part of normal course of business," a source at the top US investment bank told DNA Money. "Though we are not looking to sell anything at a loss."
Hong Kong - Hong Kong shares ended a two-day losing streak Wednesday, rebounding 2.5 per cent on hopes of a new round of economic stimulus measures in China.
The blue-chip Hang Seng Index climbed 297.27 points to end the day at 12,331.15. Turnover was 44.9 billion Hong Kong dollars (5.78 billion US dollars).
Wednesday's turnaround followed a dismal start to the week, which saw shares fall by 3.86 per cent Monday and 2.3 per cent Tuesday.
Indian equities markets, which opened positively at 8,473.25 on Wednesday, slipped back into the red around noon with a key index 0.11% down its previous closing figure.
The stock markets were trading in a listless mode with buying and selling seen across selective stocks.
At 1:00 p.m., the 30-share index Sensex (BSE) stood at 8,417 points, 9.58 points lower than its previous close.
Similarly, the S&P CNX Nifty index of the National Stock Exchange (NSE) lost 14.95 points at 2,636.95.
Tokyo - The Japanese market extended gains Thursday as optimism spread that China's economic stimulus measures may help the world economy to recover.
New York - US stocks posted strong gains Wednesday, spurred by a global rally as China prepared to unveil new plans to stimulate its economy.
Goldman Sachs, the investment banking giant, is looking to exit some of its private equity investments through secondary deals. Its 5% stake in the National Stock Exchange (NSE), the country's largest bourse, is one of the major investments on the block, sources familiar with the development said.
Hong Kong - Hong Kong shares ended a two-day losing streak Wednesday, rebounding 2.5 per cent on hopes of a new round of economic stimulus measures in China.
Indian equities markets, which opened positively at 8,473.25 on Wednesday, slipped back into the red around noon with a key index 0.11% down its previous closing figure.
Seoul - Shares surged 3.3 per cen
