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Japan, China stocks higher on stimulus hopes

7:28 AM, Dec 17, 2012   |    comments
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HONG KONG (AP) - Stock markets in Japan and China, Asia's two biggest economies, rose Monday after Japanese conservatives who favor greater economic stimulus returned to power in a landslide election victory and China's new leaders promised more spending if needed to underpin a wobbly economic recovery.

Japan's Nikkei 225 index jumped 1.5 percent, its highest level since April. South Korea's Kospi lost 0.6 percent and Hong Kong's Hang Seng was down 0.4 percent. Australia's S&P/ASX 200 shed 0.1 percent. Benchmarks in Taiwan and New Zealand and Singapore also fell.






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