Positive U.S. Economic Data, Strengthens Asia Stock

Asian stocks open higher on stock trading on Monday (06/08/2012). It was triggered from the data that strengthened the U.S. economy and the optimism of progress in the United States. Japan's Nikkei stock index rose 1.85. South Korea's Kospi stock index rose 1M9%, and the Australian stock index S & P rose 1.4%. Meanwhile, the Hang Seng stock index rose 2.1%. That pushed up stocks of HSBC Holdings Plc rose 3.4% and China Coal Energy Co. shares rose 3.3%. and Esprit Holdings Ltd. shares rose 4.1%. "The larger-than-expected 163 000 increase in U.S. non-farm payrolls in June, in addition to a small increase in non-manufacturing ISM index, thereby reducing the economic worries the United States to follow Europe in recession," said Paul Ashworth, economist at Capital Economics, quoted from MarketWatch . Furthermore, European concerns eased somewhat over the weekend amid new speculation, the European central bank will buy government bonds in Spain and Italy next month. The shares rose the Toyota Motor Corp. shares rose 3.3% as investors responded positively to the performance of the company. Isuzu Motors Ltd. climbed 4.4% after reporting positive performance. Rio Tinto shares rose 3.7%. Fortescue Metals Ltd shares rose 3.4%. Nippon Steel Corp shares rose 2.7% and Inpex Corp. shares rose 5.4% after it raised its profit forecast. Meanwhile, Pacific Metals Co. shares fell 10% seelah reported less favorable than the prediction performance of the company.