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Asia stocks up as Wall Street climbs on tech gains

Published on NewsOK Modified: April 11, 2013 at 12:02 am •  Published: April 11, 2013

Japanese high-tech shares were among the strong gainers in Asia. Hitachi Ltd. jumped 6.7 percent and Sharp Corp. surged 7.2 percent. Travel-related shares in China began to recover from recent losses as fears eased after a string of bird flu cases were discovered in eastern China. Hong Kong-listed Air China rose 3 percent. China Southern Airlines gained 2 percent.

On Wall Street, a surge in technology stocks on Wednesday drove the Standard & Poor's 500 and Dow Jones industrial average to record highs. The gains came after network communications company Adtran reported earnings that were double what was expected.

The Dow rose 0.9 percent, its biggest one-day gain in a month, to 14,802.24. The S&P 500 rose 1.2 percent to 1,567.73. The Nasdaq composite gained 1.8 percent to 3,297.25.

Benchmark oil for May delivery was down 31 cents to $94.33 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 31 cents to $94.33 per barrel on the Nymex on Wednesday.

In currency markets, the euro rose to $1.3062 from $1.3058 late Wednesday in New York. The dollar fell to 99.58 yen from 99.76 yen.


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