asian stock market december 2 2011

Indonesia stock info - asian stock market december 2 2011 ; Asian stocks rose, as better-than- forecast U.S. manufacturing expansion showed the world's largest economy is weathering concerns that Europe's debt crisis will damp global growth.

DeNA Co., a Japanese social-network website operator, jumped 6.5 percent in Tokyo after Credit Suisse Group AG rated the shares “outperform” in new coverage. Fuji Heavy Industries Ltd., maker of Subaru-branded cars, sank 4.3 percent after its unit halted U.S. sales amid a recall for a brake defect. Billabong International Ltd., a maker of surfwear that counts the Americas as its biggest market, rose 3 percent in Sydney.

The MSCI Asia Pacific Index rose 0.1 percent to 117.25 as of 9:38 a.m. in Tokyo. The gauge is headed for a 7.6 percent gain for the week, its steepest advance since the period ended May 8, 2009. All five of the 10 industry groups on the measure advanced, with three stocks gaining for every two that declined.

Shares also gained after Spanish and French bonds rallied as the two nations sold debt, showing investor demand for euro- region assets as Europe's leaders move to stem contagion from the sovereign-debt crisis.

Japan's Nikkei 225 Stock Average rose 0.1 percent. Australia's S&P/ASX 200 index gained 0.3 percent. South Korea's Kospi Index was little changed.


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