Asian stocks rose, sending the MSCI Asia Pacific Index to a fifth monthly gain, as earnings from Sony Corp. and Datang International Power Generation Co. and a commodities rally spurred confidence economies are recovering , Bloomberg reports.
However, going forward, increased capital-raising activity and surging fund flows into the region are expected to bolster exchange revenues amid blazing stock market rallies.
The MSCI index of Asia-Pacific stocks outside Japan .MIAPJ0000PUS has soared about 45 percent this year as investors bet Asia will lead the global economy out of recession , Reuters reports.
Meanwhile, in Japan, electronics and entertainment giant Sony Corp. posted a smaller loss than forecast. Also lifting sentiment were results from leading Western companies like U.S. electronics giant Motorola Inc., which posted a surprise profit, and British telecom firm BT Group PLC , The Associated Press reports.
Malaysia needs Russia's assistance in maintaining and repairing Su-30MKM fighter jets
Japanese Prime Minister Shinzo Abe said that US army bases will not appear on the southern Kuril Islands in the even Russia delivers them to Japan
Posters for the play "Adam and Eve. Life after Paradise" with pictures of dancers Arsen Aghamalyan and Oksana Vasilyeva were banned in the city of Tver, Central Russia