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Market Update

Asian Markets Gain

Asian markets were all higher Thursday.

The Nikkei was up 1.1%. The Shanghai Composite gained 1.3% while the Hang Seng rose 0.7%. The Sensex was up 0.8% and the All Ordinaries edged up 0.1%.

Data earlier showed retail sales in Japan fell less-than-expected in October, boosting retail stocks. Exporters also gained as the yen dropped against the dollar.

Stocks on the Move

Sharp Corp. was up 2.4% while Hitachi rose 3.9%.

In autos, Suzuki accelerated 2.2% while Honda added 1.4%.

Fuji Heavy Industries lifted 2.6%.

Fast Retailing picked up 2.7% and Seven & i Holdings was up 0.8%. Rakuten added 2.4%.

Chinese stocks were boosted by data that showed a 15% increase in October industrial profits.

Angang Steel strengthened 2.5% in Hong Kong. ICBC was up half a percent while Ping An Insurance gained 1.2%.

In Mumbai, Dr. Reddy’s was up 2%, followed by ONGC, up 1.9%. RIL, SSLT, and L&T all gained 1.8% each. M&M was up 1.7% while BHEL rose 1.5%.

Index leader BHP Billiton edged 0.2% lower in Sydney. Atlas Iron fell 2.7%.