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Asia stocks rise as US, China economies improve

6:39 AM, Jan 18, 2013   |    comments
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BANGKOK (AP) - Asian stock markets rose today after signs that the U.S. economic recovery is gaining traction and a rebound in China's growth emboldened investors to plunge back into equities.

Strong reports on housing starts and jobs released late Thursday in the U.S. sent Wall Street higher, despite disappointing earnings from Bank of America and Citigroup.

China's economy grew 7.9 percent in the fourth quarter of 2012, up from the previous quarter's 7.4 percent.

Benchmark crude oil fell but remained above $95.32 per barrel. The dollar rose against the yen and fell against the euro.

 

 

 

 

 

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