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Asia stocks rise after data drives Wall Street up
PAMELA SAMPSON
(The Associated Press)



05:50:50AM (DST) Thursday,August 25,2011.

BANGKOK (AP) — Asian stock markets rose Thursday after a late-day surge on Wall Street, while the resignation of Steve Jobs — the creative force behind Apple Inc. — sent ripples through the technology sector.

Oil prices hovered above $85 a barrel in Asia. The dollar rose against the euro and the yen.

Asian markets got a boost from U.S. data showing a surge in demand for cars and planes in July that offered an unexpectedly upbeat sign of life in the world's biggest economy.

Japan's Nikkei 225 climbed 2 percent to 8,808.24. Hong Kong's Hang Seng was 1.4 percent higher to 19,746.64 as strong half-year earnings from China National Offshore Oil Corp. and Bank of China Ltd. on Wednesday boosted sentiment.

South Korea's Kospi rose 1 percent to 1,772.82 and Australia's S&P/ASX 200 was 0.9 percent higher at 4,204.50. Benchmarks in Singapore, Indonesia and Thailand were also higher, while indexes in Taiwan, India and the Philippines dropped.

Shares of Asian technology companies that are direct competitors of Apple rose though the gains weren't dramatically out of line with broader market movements. South Korea's Samsung Electronics Co. jumped 3 percent and Taiwanese smartphone maker HTC Corp. added 1.4 percent.

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Reactions to Steve Job's retirement contributing to the rise in Asian markets.
Note: Asian stocks were up a few days ago from the posted thread below on the list.
Sidebar: Gold plunges to $104.

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