Author Topic: Asia stocks mostly up on Italian news, China dataStories  (Read 257 times)

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Asia stocks mostly up on Italian news, China dataStories
« on: November 09, 2011, 01:42:07 PM »
Nov. 9, 2011, 12:25 a.m. EST

Asia stocks mostly up on Italian news, China dataStories
SYDNEY (MarketWatch) — Asia markets traded mostly higher on Wednesday, as cooling inflation in China gave some banking and property shares a boost, and investors cheered plans by Italian Prime Minister Silvio Berlusconi to resign as a step toward resolving crippling debt problems in Europe.

China inflation eases
Chinese data Wednesday showed significantly inflation rates, which helped spark a rally in Hong Kong-listed banking and property shares on the hopes of possible policy easing from Beijing.

Italian effect
Wednesday’s performance in Asia followed a positive finish for U.S. stocks after reports that Berlusconi had agreed to resign once parliament approves austerity measures in a vote expected next week.