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Spain fears subsided, Asian stocks firmer


Sydney - Asian stocks opened higher on Wednesday (03/10/2012) after investor concerns about the situation in Spain eased. So the issuer sustains the retail and consumption in Asia.
The Hang Seng index in Hong Kong was opened after a four-day holiday, with the increase of 0.7%. Japan's Nikkei index opened with a marginal gain. While Australia rose 0.2% to a level last reached in August 2011.
China's Shanghai Stock Exchange and the Kospi in South Korea (ROK) was closed for a holiday. The strengthening of the Asian stocks came after shares of the United States (U.S.) ditutupmixed, with the Dow Jones decline due to uncertainty in Spain.
"The market is waiting for news regarding requests for assistance from Spain, triggering bond purchases from the European Central Bank (ECB). Patience is wearing thin, "said Mitul Kotecha at Credit Agricole.
Kotecha predicts, day trading is going to run a tight as investors anticipated U.S. jobs data this weekend. In addition to China's stock market was closed for a week and wait laporannon-farm payrollAS to September.
Oversee market sectors that are sensitive to consumer spending, today. However, Hong Kong airline Cathay Pacific Airways Ltd.. and retailer Esprit Holdings Ltd.. each rose 3%, and footwear company Belle International Holdings Ltd.. 1.9%.
Chinese banks rose in Hong Kong market. Bank of China Ltd.. rose 1.4% and China Construction Bank Corp. 1.3%. Japanese automotive companies are also positive, sustained increase in sales. Toyota Motor Corp. rose 1.5% and Honda Motor Co. 0.8%.
Toyota reported a rise in monthly sales in the U.S. rose 42% and Honda's 31%. Last year, both decreased production due to the earthquake in March 2011. Nissan Motor Co. unaffected earthquake, instead slumped 1.1%.
Fast Retailing Co. jumped 3.5% setelahNikkeimelaporkan this company will be the first clothing retailer in Japan to achieve annual sales of one trillion yen or U.S. $ 12.8 billion.
Japanese drug company, Daiichi Sankyo Co.. fell 4.9% after the company and its American partner, ArQule Inc. agreed to stop the final phase of the study drug to treat lung cancer.
The increase in Australia continues after yesterday, the Reserve Bank of Australia cut its official interest rate by 25 basis points to 3.25%. Optimism improved confidence and consumer spending led to the strengthening of the retail and property sectors.
Operatordepartment storeDavid Jones Ltd.. rose 1.8%. Furniture and electronics retailer Harvey Norman products Holdings Ltd.. rose 2.1%. Property group Stockland Australia also rose 2.6% recorded

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