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.
Here is the big reveal. As of right now this will be the Vice Presidential choice for Joe Biden. I am amazed this has been a secret as long as it has been, though we certainly got the scoop on everyone