Asian Stocks Surge To 2009 Highs

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US markets rose to their highest levels of the year yesterday, and stock markets in Hong Kong, Australia, Taiwan, and South Korea all did the same.

WSJ: Japan’s Nikkei 225 Average rose 0.5% to 10270.77, Hong Kong’s Hang Seng Index jumped 2.6% to 21402.92, Australia’s S&P/ASX 200 advanced 2.4%, South Korea’s Kospi climbed 1.8%, Taiwan’s Taiex expanded 1.3% and New Zealand’s NZX 50 added 0.6%.

In afternoon trading, India’s Sensex rose 0.8% and Singapore’s Straits Times Index advanced 1.5%.

One loser: China, which was down 1.1%.

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