Asian Market August 15 2011, MSCI Asia Pacific Index rose

Indonesia stock info - Asian Market August 15 2011, MSCI Asia Pacific Index rose ; The MSCI Asia Pacific Index rose 1.9 percent to 124.19 as of 5:20 p.m. in Tokyo. Eight stocks advanced for each one that declined, and nine out of 10 industry groups tracked by the index climbed. The gauge completed its third straight weekly loss last week after Standard & Poor’s cut its rating on U.S. credit and concern grew that Europe’s debt crisis may spread. Ten-day historical volatility on the MSCI index climbed last week to the highest level since March.

Japan’s Nikkei 225 Stock Average climbed 1.4 percent after the Cabinet office reported gross domestic product shrank at an annualized 1.3 percent rate in the three months ended June 30. The median forecast of 25 economists surveyed by Bloomberg News was for a 2.5 percent drop.

Hong Kong’s Hang Seng Index (HSI) rose 3.3 percent, while Australia’s S&P/ASX 200 Index gained 2.6 percent. The Taiex Index added 2.4 percent in Taipei. Markets in India and South Korea are shut for a public holiday.

Futures on the U.S. S&P 500 Index advanced 0.6 percent. The gauge rose 0.5 percent on Aug. 12, capping the biggest two-day advance for benchmark indexes since March 2009, after the Commerce Department reported a 0.5 percent increase in retail sales for July. First-time applications for jobless benefits decreased in the week ended Aug. 6 to the fewest since early April, the Labor Department said Aug. 11.

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