YEREVAN, September 5. /ARKA/. Good news about the U.S. economy, including strong auto sales, helped boost Asian stock markets Thursday.
A Federal Reserve survey released Wednesday showed that all 12 of the Fed's districts reported modest to moderate economic growth from July through late August. More good news came from the auto industry: General Motors and other carmakers posted strong sales in August, giving the industry its best month in six years.
That data comes on top of the Institute for Supply Management's report, released Tuesday, that said U.S. factory production rose in August at the fastest pace in two years.
Japan's Nikkei 225 index was marginally higher at 13,060.52. Hong Kong's Hang Seng gained 0.9 percent to 22,531.24. South Korea's Kospi advanced 1 percent to 1,950.62. Benchmarks in Singapore, Taiwan and Indonesia also rose.
Australia's S&P/ASX 200 fell 0.4 percent to 5,143.70. Benchmarks in the Philippines and New Zealand were also lower. –0--