Asian Equities Higher With Notable Exception of Japan

Asian stocks outside Japan climbed for a third day as telecommunication and technology shares led gains and Qantas Airways Ltd. surged. A rising yen dragged shares lower in Tokyo.

Qantas climbed 7.5 percent after Australia’s No. 1 carrier posted a narrower than forecast annual loss and said it will return to profit in the first half of 2015. Samsung Electronics Co. rose 1.7 percent in Seoul, the largest contributor to gains on the regional index. Country Garden Holdings Co. (2007) retreated 6.6 percent in Hong Kong after the property developer said it plans to raise HK$3.18 billion ($410 million) in a share sale to refinance debt.

The MSCI Asia Pacific excluding Japan Index added 0.1 percent to 514.69 as of 9:48 a.m. in Hong Kong, with six of its 10 industry groups advancing. The Standard & Poor’s 500 Index paused its gains yesterday after a rally that sent the value of global equities to a record $66 trillion.


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.