Wednesday, December 12, 2012

(BN) Asian Stocks Advance on U.S. Budget Talk, Fed Policy Optimism

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Asian Stocks Advance on U.S. Budget Talk, Fed Policy Optimism
2012-12-12 00:04:19.866 GMT


By Jonathan Burgos
Dec. 12 (Bloomberg) -- Asian stocks rose, with the regional
benchmark index heading for its longest streak of gains in three
years, amid speculation the Federal Reserve will step up
monetary easing and as investors weighed progress in U.S. budget
talks.
The MSCI Asia Pacific Index advanced 0.4 percent to 126.81
as of 9:03 a.m., heading for its 10th day of advance, the
longest winning streak since July 2009. Markets in China and
Hong Kong have yet to open.

For Related News and Information:
Top stock-market news: TOP STK <GO>
World equity valuations: WPE <GO>
World equity index monitor: WEI <GO>
Most-read stock market stories: MNI STK <GO>
Biggest movers this year: MXAP <Index> MRR 10 <GO>
Market map of today's trading: MXAP <Index> IMAP <GO>

--Editor: John McCluskey

To contact the reporter on this story:
Jonathan Burgos in Singapore at +65-6212-1156 or
jburgos4@bloomberg.net

To contact the editor responsible for this story:
Nick Gentle at +852-2977-6545 or
ngentle2@bloomberg.net

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