New York - US stocks rose Tuesday as the construction of new homes in the United States unexpectedly surged in February and investors speculated about Federal Reserve efforts to bolster the economy.
Privately owned housing starts in February were 583,000 at an annual rate, up 22 per cent from January but still down 47.3 per cent from the same month in 2008, the Commerce Department said. Economists had expected a further monthly decline to 450,000 last month, according to a Bloomberg News survey.
Tokyo - Tokyo stocks on Tuesday extended their winning streak into a third day on optimism that government stimulus measures and central bank policies would pump life into the world's second-largest economy.
The benchmark Nikkei 225 Stock Average jumped 114.67 points, or 1.49 per cent, to 7,818.82.
The broader Topix index of all first-section issues was also up 10.9 points, or 1.47 per cent, at 752.59.
New York - US stocks closed slightly lower Monday, ending a four-day rally and erasing earlier gains after the world's governments promised more measures to stabilize their economies.
Major stock indices were led lower in the final two hours of trading after American Express Co reported rising credit-card delinquency rates in February.
The Federal Reserve said that industrial output fell for the fourth straight month in February and was down 11 per cent over the year, the worst annual decline since 1975.
Hong Kong - Hong Kong shares surged by 3.6 per cent Monday to end a whisker below the 13,000 points mark on a fifth consecutive day of gains.
The blue-chip Hang Seng Index gained 450.91 points to close at 12,976.71 points. Turnover was 46.7 billion Hong Kong dollars (6.02 billion US dollars.)
The surge in prices Monday brought the index's gains since the start of trading seven days ago to more than 1,000 points in the strongest rally for weeks.
New York - US stocks rose Tuesday as the construction of new homes in the United States unexpectedly surged in February and investors speculated about Federal Reserve efforts to bolster the economy.
Markets have started off on a flat note with a negative bias because of weak mixed signals from the US and the Asian markets.
Tokyo - Tokyo stocks on Tuesday extended their winning streak into a third day on optimism that government stimulus measures and central bank policies would pump life into the world's second-largest economy.
New York - US stocks closed slightly lower Monday, ending a four-day rally and erasing earlier gains after the world's governments promised more measures to stabilize their economies.
Hong Kong - Hong Kong shares surged by 3.6 per cent Monday to end a whisker below the 13,000 points mark on a fifth consecutive day of gains.
