This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-30595155
The article has changed 4 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Asian shares higher on US record gains | Asian shares higher on US record gains |
(35 minutes later) | |
Asian shares traded higher on Wednesday, taking the lead from Wall Street where shares closed at a record level overnight. | |
The Dow Jones finished over 18,000 for the first time after data showed the US economy grew at its fastest pace in 11 years in the third quarter. | The Dow Jones finished over 18,000 for the first time after data showed the US economy grew at its fastest pace in 11 years in the third quarter. |
The economy grew at an annual rate of 5% in the quarter, up from a previous estimate of 3.9%. | The economy grew at an annual rate of 5% in the quarter, up from a previous estimate of 3.9%. |
That momentum helped Japan's Nikkei gain 1.1% to 17,837.59 points. | |
Tokyo's benchmark index was closed for a public holiday on Tuesday. | Tokyo's benchmark index was closed for a public holiday on Tuesday. |
Sony was up 3% after its Hollywood studio said it would screen comedy The Interview in some US theatres on Christmas Day after initially cancelling the release. | Sony was up 3% after its Hollywood studio said it would screen comedy The Interview in some US theatres on Christmas Day after initially cancelling the release. |
Light trade | |
In China, shares headed in different directions with the Shanghai Composite continuing lower after a 3% drop the previous day. | |
The benchmark index was down 0.4% to 3,019.48, while the Hang Seng rose 0.1% to 23,356.25. | |
In Australia, the S&P/ASX 200 index was up 0.2% to 5,391.2 in light trade. | |
In Sydney, trading will stop at lunchtime for the Christmas holiday. | |
In South Korea, the benchmark Kospi index was higher 0.3% to 1,945.19 after closing lower on Tuesday. | |
Shares of Hyundai Motor jumped as much as over 4% on hopes the automaker would raise its dividend payouts. |