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To: Bucky Katt who wrote (41243)10/29/2009 10:09:18 PM
From: Bucky Katt  Respond to of 48461
 
Bingo, Asia up>

Asian stocks advanced, paring the MSCI Asia Pacific Index’s first monthly decline since February, as Japan’s jobless rate unexpectedly dropped and the U.S. economy grew faster than economists expected.

The MSCI Asia Pacific Index added 1.1 percent to 115.97 as of 10:51 a.m. in Tokyo, paring its drop this week to 3 percent. The gauge has lost 1.7 percent in October on concern governments will start withdrawing measures enacted to revive global growth. Australia this month became the first Group of 20 nation to raise interest rates amid signs of strength in its economy.

Japan’s Nikkei 225 Stock Average rose 1.2 percent. The unemployment rate declined to 5.3 percent from 5.5 percent in August, the statistics bureau said today in Tokyo. The median estimate of 29 economists surveyed by Bloomberg was for the rate to increase to 5.6 percent.

South Korea’s Kospi Index added 0.5 percent. Australia’s S&P/ASX 200 Index increased 1.3 percent, while New Zealand’s NZX 50 Index gained 0.5 percent.