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Senin, 30 Desember 2013

Asian Stocks Advance 10th Day as Japan Shares Rise on Weaker Yen

Bloomberg (30/12) -- Asian stocks rose, with the regional benchmark gauge heading for a 10-day advance, as Japans Nikkei 225 Stock Average capped its biggest annual get since 1972 after the yen lengthy losses past 105 to the dollar.

Nikon Corp., a Japanese camera maker that counts North America as its biggest market, added 1.3 percent. Forge Group Ltd., an engineering services firm, soared 55 percent in Sydney as its contract at the Roy Hill mine starts. Nippon Paper Industries Co., Japans second-biggest company in the sector, slid 5.9 percent on a report operating profit probably dropped.

The MSCI Asia Pacific Index added 0.3 percent to 140.73 as of 5:11 p.m. in Tokyo, headed for its longest winning streak since September. The index pared its December loss to 1.2 percent through last week as the Federal Reserve this month announced the first cut to its record stimulus amid an improving economy and jobs market.

The Nikkei 225 rose 0.7 percent to complete a 57 percent advance this year, with today the last day of trading in Japan until Jan. 6. The Japanese currency touched 105.41 today, the weakest since October 2008..