Hong Kong stocks climbed, with the city’s benchmark index extending a 2 1/2-year high, after gauges of China’s manufacturing growth beat estimates. Gains were limited as shares listed on the mainland tumbled.
Hong Kong stocks fell, with a gauge of China shares retreating after the biggest weekly gain in two years as China Petroleum & Chemical Corp., also known as Sinopec, led declines in energy shares after a pipeline blast.
Asian stocks fell, with the benchmark index headed for a five-week low, after China’s leaders failed to outline steps to curb state dominance of the economy and amid bets the Federal Reserve may start reducing stimulus next month.
Japanese shares rose, with the Topix index climbing for a third time in four days, as the yen fell against the dollar and after a report Japan’s public-employee pension fund may increase its stock holdings.
You may recall that a few weeks back, I declared that the presidential election was over, as a result of Mitt Romney’s leaked 47 percent video. For a few minutes, that call looked quite smart. Barack Obama's campaign turned the video into an attack ad, the Romney campaign was fumbling for an explanation, and Obama widened his lead in the polls.