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Market Update

Asian Markets End Higher

Asian markets ended higher Thursday.

The Nikkei surged 1.8%. The Shanghai Composite gained 0.8% while the Hang Seng slipped 0.1% The Sensex was up 0.7% and the All Ordinaries closed unchanged.

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 2.1% while Hitachi rose 4.5%.

In autos, Suzuki accelerated 2.3% while Honda added 1.5%. Mazda gained 2.2%.

Fuji Heavy Industries lifted 3.4%.

Fast Retailing picked up 3.5% and Seven & i Holdings was up a percent. Rakuten added 2.1%.

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

Angang Steel strengthened 3.4% in Hong Kong. But banks turned lower, weighing on the index.

In Mumbai, BHEL gained 3%, followed by Hindalco, up 2.4%, and M&M, up 1.8%. Coal India and L&T were up 1.7% each, respectively.

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