“Data was solid,” said Evan Lucas, a Melbourne-based markets strategist at IG Ltd. “U.S. home sales smashed estimates and held true month-on-month, while the Philly Fed manufacturing index also was stronger than estimated. This all gave the market another reason to continue to leg up.”
Futures on the Standard & Poor’s 500 Index added less than
0.1 percent today after the gauge yesterday closed at
While a report in the U.S. yesterday showed fewer Americans
Data yesterday also showed existing home sales rose last
month to the most since September, while the
China Rongsheng Heavy Industries Group Holdings Ltd. climbed 9.4 percent to HK$1.52 in Hong Kong after agreeing to buy a stake in Kyrgyzstan oilfields.
GungHo Online Entertainment Inc. gained 1.4 percent to 580 yen in Tokyo as parent SoftBank Corp. plans to buy the unit’s stake in a Finnish online game developer.
Li & Fung lost 4.6 percent to HK$10. The Kowloon, Hong
Kong-based firm, which has Wal-Mart Stores Inc. and