04 Mar '11, 3am

Asian stocks higher at midday

TOKYO JAPANESE shares gained 1.56 per cent by the lunch break in Friday trade, boosted by sharp overnight gains on Wall Street and rises in exporter shares due to a weaker yen. The Nikkei index of the Tokyo Stock Exchange rose 165.35 points to 10,751.37. SHANGHAI Shanghai's key stock index rose 0.2 per cent to 2,909.11 with property counters outperforming in anticipation of more policies to support affordable housing. 'Investors are in a wait-and-see mood before any potential policy announcements this weekend' at the central government?s annual parliamentary meetings, said Xu Yinhui, analyst at Guotain Junan Securities in Shanghai. HONG KONG Hong Kong stocks ended the morning session 1.19 per cent higher on Friday as optimism over the US economic outlook outweighed concerns about the Middle East crisis. The benchmark Hang Seng Index gained 275.89 points to 23,398.31. KUALA...

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