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Asia Markets Gain After Data Boosts Wall Street

 Phil Amato     Created: 10/6/2009 7:07:53 AM    Updated: 10/6/2009 7:09:04 AM
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BANGKOK (AP) -- Asian stock markets mostly rose Tuesday after the U.S. services industry showed its first growth in a year and Australia's central bank raised interest rates.

In Japan, the Nikkei 225 stock average rose 0.1 percent and Hong Kong's Hang Seng gained 0.7 percent. South Korea's Kospi was down 0.7 percent.

Elsewhere, Singapore's market jumped 1.3 percent and Taiwan's index advanced 1.5 percent. China's markets are closed for a weeklong holiday and reopen Friday.

Australia's market was up 0.5 percent despite the central bank's quarter point rate hike making returns on cash and bonds more attractive.

©2009 Associated Press. All rights reserved. This material may not be published, rewritten, or redistributed.



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