Asian stocks up amid caution on G-20 meeting

Asian stocks up amid caution on G-20 meeting
AP
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First Published: Fri, Oct 22 2010. 08 40 AM IST
Updated: Fri, Oct 22 2010. 08 40 AM IST
Tokyo: Asian stock markets rose in early trading Friday, but their gains were modest as investors stayed on the sidelines ahead of the outcome of a two-day G-20 summit of major economies.
Japan’s benchmark Nikkei 225 stock index gained 43.36 points, or 0.5%, to 9,419.84.
South Korea’s Kospi added 1.0% to 1,892.65. Australia’s S&P/ASX 200 was up 0.3% at 4,710.40.
Sentiment in Asia held firm following overnight gains on Wall Street, but investors traded with caution as world finance ministers and central bank governors gathered in South Korea for a two-day G-20 meeting.
Investors awaited the outcome of the G-20 conference opening Friday, and were closely monitoring moves in currency exchange rates.
In New York Thursday, the Dow Jones industrial average climbed 38.60 points, or 0.4%, to close at 11,146.57, supported by better-than-expected earnings results from McDonald’s Corp. and insurer Travelers Cos Inc.
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First Published: Fri, Oct 22 2010. 08 40 AM IST
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