Asia stocks rise as US housing data offsets China
Associated Press
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Updated 8:09 p.m., Wednesday, October 17, 2012
Asia stocks rise as US housing data offsets China BANGKOK (AP) — Asian stock markets rose Thursday after an unexpectedly strong U.S. housing report renewed confidence in the world's biggest economy and enabled investors to overlook slower growth in China. The U.S. Commerce Department said builders started construction on new single-family houses and apartments at the fastest pace in more than four years. Housing is crucial to any economic recovery in the U.S. and the good numbers enabled investors in Asia to overlook a further slowdown in China's economic growth. Reported by SeattlePI.com 10 minutes ago.
Associated Press
Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 8:09 p.m., Wednesday, October 17, 2012
Asia stocks rise as US housing data offsets China BANGKOK (AP) — Asian stock markets rose Thursday after an unexpectedly strong U.S. housing report renewed confidence in the world's biggest economy and enabled investors to overlook slower growth in China. The U.S. Commerce Department said builders started construction on new single-family houses and apartments at the fastest pace in more than four years. Housing is crucial to any economic recovery in the U.S. and the good numbers enabled investors in Asia to overlook a further slowdown in China's economic growth. Reported by SeattlePI.com 10 minutes ago.