A fall in U.S. applications for unemployment benefits sparked a buying spree in Asia. In Hong Kong the Hang Seng Index gained 1.2%, the Shanghai Composite Index advanced 1.4% and Japan’s’s Nikkei 225 Index added 1%.
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U.S. Jobless Claims Report Sparks Rise in Asian Markets originally appeared on DailyFinance on Fri, 04 Mar 2011 07:00:00.