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Tokyo's benchmark stock index rose more than 3 percent Monday to close at its highest point in over a year after encouraging U.S. economic reports sparked hopes of an economic turnaround.
Philippine shares closed higher Monday, with bargain-hunting lifting a clutch of blue chips despite lingering concerns over the political and security situation, traders said.
A RALLY on Wall Street that pushed the Dow Jones Industrial Average to its highest level in 14 months fuelled another strong day in Asia yesterday and, in the process, drove the KLSE Composite Index (CI) past the 730-point level to its highest in nearly a year.
Philippine shares ended higher Tuesday, buoyed by bargain hunting in select issues following a rise on Wall Street, traders said.
Tokyo stocks advanced Tuesday, continuing their climb from a near 12-month high the previous day and on the heels of an overnight rally on Wall Street.