Silver, Gold Rise Records as Asian Stocks fall; Yen weakens

April 25, 2011, 5: 18 am EDT by Shiyin Chen and Yumi Teso

April 25 (Bloomberg) - silver and gold soared to records, oil rose for a fourth day and Asian stocks fell in the acceleration of inflation could undermine the economic recovery in the region of concern. The yen weakened against all 16 of his counterparts.

Silver cash advanced 4% starting from 9 h 58 in London after earlier breaking of 5.4%. Gold rises for a ninth day, while crude oil increased by 0.4% in New York. The MSCI Asia Pacific Index dragged 0.2 percent Posco to Acer Inc. posted lower profits of companies. Standard & Poor 500 Index future increased by 0.3%. Malaysian Ringgit strengthened below 3 to the dollar for the first time in over 13 years. The yen weakened to a euro 119.24 119.71 last week.Shanghai Index led the China Composite losses in Asia after China International Capital Corp. stated that the consumption of the country prices could climb up to 5.5% this month. Inflation Singapore held to 5 percent in March, a Government report showed today. Data this week may show the Japan retail sales sank last month and U.S. gross domestic product growth has slowed, the major central banks of both countries to keep interest rates near zeroAccording to economists surveyed by Bloomberg. "It is very clear that some Asian countries will keep raising rates more while their economies are strong enough to see more hiking, said Hideki Hayashi, a global economist at Mizuho Securities Co. in Tokyo. "However, the market players expect the United States this week to suggest it would maintain low rates for some time, which means more appeal for Asia.".DoublesSilver of money, which has more than doubled over the past year, transferred to $49.0925 per ounce after having earlier reached a maximum of $49.79 as investors sought precious metals as a store of value. Gold for immediate delivery increased by 0.8% to a record $ 1,518.32 an ounce before the Exchange at $1 517.38.Corn for July delivery rose 2.6% to $7.64 a bushel on speculation wet, cold in the Midwest of the United States further delay plantingreduce yields. Wheat increased by 2.7% to $8.57 a bushel.Oil for June delivery rose by 0.4% to $112.74 a barrel on the New York Mercantile Exchange, after the Syrian security forces detained at least 200 people following the assassination of anti-government demonstrators and Senator John McCain said rebel in Libya need help in the fight against the forces of Muammar Kadhafi.la rising prices is fueling speculation policy makers in Asia will intensify efforts tightening. Singapore dollar was little changed at S$ 1.2335 versus the greenback after hit S$ 1.2318. The Central Bank said on April 14 that it would allow more appreciation. The Malaysian ringgit earned as much as 0.5% at 2.9910, the highest level since October 9, 1997, on speculation, the Central Bank will be increasing interest rates the month next to help damp inflation. "Imported Inflation '" there is a perception that the central banks in Asia are allowing their currency thus appreciate to curb imported inflation "Lee Wai Tuck, a strategist to the prediction of the Pte to Singapore, said in an interview with Bloomberg Television. "There are some concerns that if the currencies do not appreciate, inflation may go even higher" in countries including China and Singapore, he said.The yen weakened to the 82.02 per dollar of 81.88. The Japan retail sales declined 6.1% in March from a year earlier after rising 0.1 percent in February, according to the midpoint estimate of economists in a survey of Bloomberg News before the Government data due April 27.BOJFOMCThe Bank of Japan can cut its forecast of real growth for 2011 tax to 0.8 per cent of 1.6% as a result of the earthquake on March 11, the Nikkei newspaper reported today. The Central Bank will keep interest rates of reference to a range between zero and 0.1% at its next meeting, according to the set of 13 economists surveyed by Bloomberg News.The Federal open market Committee will hold the reference rate in a range of zero to 0.25% April 27According to all the 80 economists surveyed by Bloomberg. GDP increased a 1.9% annual pace after increasing at a rate of 3.1 per cent in the previous three months, according to the median estimate of 66 economists surveyed by Bloomberg News before April 28 report of the Department of the Commerce.Le Dollar Index dragged 0.2 percent to 73.936 after earlier falling as much of 0.3%. The gauge used by IntercontinentalExchange Inc. to track the dollar against the currencies of the six major U.S. trading partners affected 73.735 on 21 April, the lowest since August 2008. "Low ' Yen, the Dollar" in the Japan and the United States are the countries which cannot therefore lead to a monetary tightening, the yen and the dollar will be weak, "said Daisaku Ueno, President of Gaitame.com Research Institute Ltd., in Tokyo largest margin the Japon.Environ currency unit four shares declined for all three who has risen on Asia Pacific the MSCI Index, rallied to 2.2 percent last week. It was the steepest weekly gain in a month. Of Shanghai Composite Index fell by 1.5%, led by China Petroleum & Chemical Corp. and China Shenhua Energy Co., after the ICC said consumer prices could climb from 5.2% to 5.5% in April. The Government has an inflation target for the year of 4 percent.Actions of shipment of advanced, led by based in Taipei Evergreen Marine Corp., after KGI Securities Co., said in a report today "peak demand" and container shortages would boost its earnings in the third quarter. Kweichow Moutai Co., manufacturer of China liquor by market value, gained 3.9% after reporting a 49% increase in net income in the first quarter.EarningsPosco slid 1.9% after the third largest steel producer in the world by the said release first-quarter profit fell 33 percent. Acer sank to 3.1 per cent after the second largest world supplier of portable computers said the lower quarterly profit in six years. Reliance Industries Ltd., most large company of the India by the market value fell to 2.7 per cent after posting net income missed analyst forecasts.Since April 11, only 45 percent of the 60 members on the MSCI Asia Pacific reported earnings per share are predictions analyst beat, compared to about 71 per cent MSCI World Index members, according to data compiled by Bloomberg.Futures on the & S P 500 indicate actions can climb today Advanced Micro Devices Inc. companies. to SanDisk Corp. posted earnings that beat Analyst estimates. 22 April, and us stock markets were closed for a holiday.Exchange of Australia for the United Kingdom and the Germany remain excluded today.

-With the help of Ron Harui, Masaki Kondo, Jake Lloyd-Smith and Glenys Sim at Singapore, John Dawson in Hong Kong and Hur Jae in Tokyo. Editor: Matthew Brown.

To contact the reporters on this story: Shiyin Chen to Singapore to schen37@bloomberg.net; Yumi Teso to Bangkok to yteso1@bloomberg.net.

To contact the editor responsible for this story: Patrick Chu in Tokyo at the pachu@bloomberg.net

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Asian stocks won Gain on earnings, economic data; Increases in copper

April 20 (Bloomberg) - Stocks and commodities advanced, while the won strengthened the most in more than two months as earnings at companies from Intel Corp. to South Korea's LG Chem Ltd. and data from the U.S. and Europe bolstered confidence in the economic recovery.

The MSCI World Index rose 0.8 percent at 4: 10 p.m. in Tokyo, set for the biggest gain this month. Standard & Poor's 500 Index future added 0.7 percent. Copper rallied 1.2 percent. Gold for immediate delivery advanced to more than $1,500 an ounce for the first time. Oil climbed for a second day in New York. Treasuries snapped a three-day increase. The won appreciated 0.8 percent versus the dollar, while the yen slid as Japan's exports fell, underscoring prospects the central bank will maintain stimulus.Chipmakers rose after Intel forecast second - quarter sales that may top analysts' estimates. LG Chem reported a better-than-estimated 27 percent profit gain, sending shares of South Korea's biggest chemicals maker to a record. "Economic reports today are forecast to show an improving U.S. housing market and a rise in German producer prices, while Japan's government said exports dropped for the first time in more than a year.""You're seeing signs the U.S. and Europe are still on track for recovery," said Hiroichi Nishi, an equities manager in Tokyo at SMBC Nikko Securities Inc. "That's helped to ease nerves."About five shares advanced for each that declined on the MSCI Asia Pacific index, which increased 1.5 percent, set for the biggest jump since March 22. The measure fell 1.6 percent in the previous three sessions. South Korea's Kospi Index surged 2.2 percent to a record, Taiwan's Taiex index increased 2 percent and Japan's Nikkei 225 Stock Average rallied 1.8 percent.LG Chem, Wynn MacauLG Chem gained 5.6 percent in Seoul. Wynn Macau Ltd., a unit of the casino operator founded by billionaire Steven Wynn, jumped 3.3 percent, also set for a record close, after first - quarter profit increased 66 percent. HCL Technologies Ltd., an Indian software services provider, soared 7.3 percent after its profit beat estimates. Samsung Electronics Co., the largest maker of memory chips, rose 4.7 percent after Seagate Technology Plc agreed to buy its unprofitable hard-disk drive business.Hynix Semiconductor Inc. and Elpida Memory Inc. led gains among Asian chipmakers after Intel, the world's biggest chipmaker, said revenue this quarter will be $12.8 trillion, more gold minus $500 million. That compares with $11.9 trillion, the average of analysts' projections compiled by Bloomberg. The shares surged as much as 6.7 percent in late trading.Yahoo! Inc. gained in extended U.S. trading after reporting better-than-expected first - quarter sales. Apple Inc., AT & T Inc. and American Express Co. are among at least 19 other S & P 500 companies scheduled to release quarterly results today. The index rose 0.6 percent yesterday, after falling 1.1 percent on April 18, when S & P cut the long-term U.S. credit outlook to negative.Earnings Expectations, "the comparison gets a little tougher, the environment has gotten a little softer and our expectations are higher," Bob Doll, chief equity strategist for fundamental equities at BlackRock Inc., the world's biggest money manager, said in a Bloomberg Television interview from PrincetonNew Jersey. "We've had seven quarters in a row of very good earnings versus expectations and I suspect this time, we're going to kind of them meet or exceed them by a bit."Purchases of existing U.S. homes climbed 2.5 percent in March after dropping 9.6 percent in February, according to a Bloomberg News survey before the National Association of Realtors report today. A Commerce Department report showed work began yesterday on 549,000 houses at an annual pace, up 7.2 percent from the prior month and exceeding the 520,000 median forecast of economists surveyed by Bloomberg News.German PricesThe euro strengthened 0.5 percent to $1.4406 before a report from the Federal Statistics Office that's forecast to show German producer prices rose 0.8 percent in March, following a 0.7 percent advance the previous month. The shared currency gained 0.7 percent yesterday after Germany's purchasing managers' index for manufacturing rose to 61.7 this month from 60.9 in March, Markit Economics said yesterday. A reading above 50 signals an expansion.Australia's dollar gained 0.7 percent to $1.0596 and earlier reached $1.0607, the highest level since the currency was freely floated in 1983. The New Zealand dollar rose 0.8 percent to 79.48 U.S. cents. The won rose 0.8 percent to 1,082.35 per dollar, the largest increase since Feb. 2, while Taiwan's dollar rallied 0.4 percent to NT$ 29.006.Asian currencies also strengthened after Hu Xiaolian, China's deputy central bank governor signaled faster gains in the yuan may be tolerated to combat inflation. An adviser to the People's Bank of China, Xia Bin, also said China will not rule out a one-off revaluation of the currency.Japan's EconomyThe yen weakened against all 16 major counterparts. The currency traded at 82.86 per dollar from 82.59 yesterday and bought 119.50 per euro from 118.39 yesterday. Japan's overseas shipments declined 2.2 percent in March from a year earlier, the Finance Ministry said today, compared with the median estimate of economists surveyed by Bloomberg News for a 1.1 percent drop. "The trade surplus shrank to 196.5 billion yen ($ 2.4 billion) from 653.3 trillion yen in February, the government said.""With the outlook still in a haze, we have to be rather bearish on the economy," said Toru Suehiro, a market analyst in Tokyo at Mizuho Securities Co., one of the 24 primary dealers obliged to bid at government debt sales. "Ten-year yields areThe yield is the nation's benchmark 10-year bond was unchanged at 1.24 percent." Treasuries snapped a three-day advance, with the 10-year yield increasing two basis points to 2.84 percent.Commodities ClimbS & P's GSCI Index of 24 raw materials climbed 0.8 percent, set for a second day of gains. Copper for three-month delivery rose 1.2 percent to $9,450 a metric ton on the London Metal Exchange, after Freeport-McMoRan Copper & Gold Inc. said it suspended operations at an Indonesian mine, potentially prosperity the expected shortfall this year.Immediate-delivery gold rallied as much as 0.4 percent to a record $1,502.30 an ounce. Wheat rose 0.6 percent to $8.2575 a bushel, extending a three-day, 5.8 percent rally. Corn future advanced 1.1 percent to $7.6525 a bushel.Crude oil for June delivery gained 0.8 percent to $109.14 a barrel in after-hours electronic trading on the New York Mercantile Exchange, after gaining 0.6 percent to $108.18 a barrel yesterday, the highest since April 15. The May contract, which expired yesterday, rallied $1.03 to settle at $108.15.

-With assistance from Anna Kitanaka, Yoshiaki Nohara and Monami Yui in Tokyo, Candice Zachariahs in Sydney, Saeromi Shin in Seoul and Weiyi Lim, Masaki Kondo and Wes Goodman in Singapore. Editor: Patrick Chu

To contact the reporters on this story: Shiyin Chen in Singapore at schen37@bloomberg.net; Satoshi Kawano in Tokyo at skawano1@bloomberg.net.

To contact the editor responsible for this story: Patrick Chu in Tokyo at pachu@bloomberg.net

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Asian stocks rise as housing in United States, gains Boost confidence

April 20, 2011, 3: 38 am EDT by Anna Kitanaka and Norie Kuboyama

April 20 (Bloomberg) - Asian stocks rose with regional index defined for its largest advance this month, U.S. implemented site acquired and revenues exceeded the estimates to companies including Johnson & Johnson, more large economy in the world was recovering from signalling.

Major manufacturer of chip testing equipment, Japan, Advantest gained 3.4% after that Intel Corp. forecast of quarterly sales which can top estimates. BHP Billiton Ltd., the world largest mining company, won 1.2% in Sydney after the metal and the price of oil has increased. Samsung Electronics Co. acquired 4.7 per cent in Seoul after he agreed to sell his computer hard disk drive business. LG Chem Ltd., manufacturer of chemical products of the Korea of the South, jumped 5.6% after posting a 27 percent gain for the benefit of the first quarter.The MSCI Asia Pacific index advanced 1.6% to 136.37 at 4: 32 p.m. in Tokyo, with approximately six actions earn for each that fell on the gauge 1 023-member. The measure fell 0.5% last week, reversing gains of three weeks. "Application to the United States, while he may step force that once again, slowly moves towards a recovery,"said Kiyoshi Ishigane, a strategist than Tokyo Mitsubishi UFJ Asset Management Co., who oversees the $ 84 billion. "Yesterday, that we have seen this dwelling in the United States was good, which means that the US economy is improving, and is being appreciated by the market today.".Nikkei 225 Stock average advanced Japan of 1.8%. S & P/ASX 200 Index the Australia rose by 1.4% and New Zealand NZX 50 index increased by 1%. Index of ABN Korea in South increased by 2.2 per cent, the largest gain among the benchmarks in the area.Index of Hong Kong Hang Seng has increased by 1.4% while Shanghai Stock Exchange index Composite China rose by 0.3%.StartsFutures housing United States on index of Standard & Poor s 500 has increased 0.7 per cent today. In New York, the index advanced 0.6% yesterday after the Commerce Department said construction implemented increased 7.2% in March from the previous month. Work began on 549,000 homes, exceeding forecasts median 520 000 economists surveyed by Bloomberg News.Johnson & Johnson, vendor of second most large world of health products, forecasts of earnings of the year for 2011 is $ 4.90 to $ 5 a sharemore than a month of January of 4.80 4.90 $ after the quarterly earnings forecasts exceeded estimates as a result of new drugs and a weakening of the dollar.Technology Intel ForecastsInformation of revenue sharing rose 2% today, the most among the 10 groups of industry of the index MSCI Asia Pacific in Tokyo, Advantest increased by 3.4% to 1,452 yen. Tokyo Electron Ltd., the largest producer of the Japan of chipmaking equipment, reached 4.1% yen issue. Taiwan Semiconductor Manufacturing Co., manufacturer of largest contract chips in the world, advanced 2.5 per cent for NT$ 69.8 in Taipei.Intel, largest chip manufacturer in the world, said revenue will be $ 12.8 billion, more or less $ 500 million. That compares with $ 11.9 billion, or the average of forecasts of analysts compiled by Bloomberg. "" You are seeing signs in Europe and the United States are always on the road to recovery, "said Hiroichi Nishi, a manager of shares in Tokyo to SMBC Nikko Securities Inc."Which helped ease the nerves."Producers of raw materials today had the second advance between the subgroups of the index MSCI Asia Pacifique.Produits RiseBHP reached 1.2% $47.23, the second largest at boosting in the MSCI index. Rio Tinto Group, the world of the second - most large mining company by sales, 1.2% leading to a $83.12. Inpex Corp., of Japan more great oil and gas Explorer, have jumped from 3.1% to 601,000 yen. Producer offshore energy China CNOOC Ltd., gained 2.4% oil of 19.36.Crude of HK$ for June delivery gained 0.6% yesterday to $108.12 per barrel in New York after data of U.S. starts fueled speculation that may increase the demand for fuel. The London Metal Exchange Index six metals, including copper and aluminum increased by 1%, the largest gain of nearly two weeks.The MSCI Asia Pacific Index lost 2.5% this year through yesterday, compared to earnings of 4.4% by the & S P 500 and a decline of 0.5% by the Stoxx 600 Index of Europe. In the Asian benchmark stocks are valued at 12.9 times considers an average of the earnings, compared to 13.5 times for the S & P 500 and 11 times for the 1600 Stoxx Samsung sells UnitAmong other stocks rose, Samsung Electronicsbig manufacturer than chips of memory, 4.7% 916,000 won, the greatest support for the MSCI index advanced. Seagate Technology Plc agreed to buy hard disk drive business unprofitable of Samsung 1.38 billion, allowing Samsung to concentrate on its chip operations, the company said.LG Chem has also increased in Seoul, jump to 549,000 won 5.6%, its highest close on record. The petrochemical enterprise will support "high profitability" in the second quarter as plant maintenance by its rivals will limit supply at a time when the demand for chemical products is rising, Director General Kim Bahn Suk said yesterday investors. Net income rises to 656.6 billion won ($601 million) in the three months ending March 31 of 517.7 billion won a year earlier, the company said.LG Corp., the holding company of the Group LG of the Korea of the South including LG Chem climbed 10 per cent to 96,600 won in Seoul, the largest gain on the MSCI Asia Pacific Index, after Daishin Securities Co. said the shares are "grossly undervalued." The actions are directed to their highest close since January 2000.

-With the help of Satoshi Kawano in Tokyo. Editor: Brian Fowler

To contact the reporters on this story: Anna Kitanaka in Tokyo at the akitanaka@bloomberg.net; Norie Kuboyama in Tokyo, at nkuboyama@bloomberg.net.

To contact the responsible editor of the story: Nick Gentle at ngentle2@bloomberg.net

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