Asian shares rise in price on Wednesday on reports of increased sales in the U.S. housing

Written by admin on March 21st, 2010

Equity markets of Asia are on the rise in the morning on Wednesday on reports of increased sales of housing in the U.S., reports Bloomberg.

Oil prices fell below $ 77 a barrel due to rising commodity stocks of fuel in the U.S., metals rise in price: the cost of aluminum has increased by 0,7% - to $ 2,127 per ton, copper - 0,7%, to $ 6860 per ton .

preliminary index of the National Association of Realtors USA showed that sales of housing in the U.S. grew by 1% in December after the collapse of 16% in November.

China"s economic growth this year will be no less than 8%, said on Wednesday the chief economist of the State Statistical Committee of China"s Yao Jinyuan. His words were supported by investor interest in shares in Hong Kong and Shanghai.

"We get more and more evidence that the cyclical recovery is taking its course. Macroeconomic indicators support the market" - says an analyst at AMP Capital Investors in Sydney Nader Naeymi.

rate securities Australian company James Hardie Industries NV, the largest supplier of building siding in the U.S. market jumped to 3.7% on news that U.S. housing. Shares of construction materials manufacturer Boral Ltd., Which receives 11% of revenue in the U.S., added to the price of 5%.

price of shares of the world leading manufacturer of cameras Canon Inc. increased by 1,7% in anticipation of sales growth in America.

Stock Quotes Cnooc, China"s biggest oil producer in the offshore fields, jumped 8.9% as the company intends to increase oil and gas production by 28% in 2010 - up to 275-290 million barrels of oil equivalent. This year will be put into operation nine new production areas of the company on a shelf off the coast of China.

Paper Japanese developer of computer systems Itochu Techno-Solutions Corp. grew by 6.9% after the publication of financial results. Net profit in April-December 2009 jumped by 63% due to the recovery in global demand for high-technology products and information solutions.


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