Developing-nation currencies strengthened, with the rupee snapping a three-day slide, after India’s central bank unexpectedly raised interest rates. The MSCI Emerging Markets Index rose from a four-month low.
Hyundai Motor Co. and Kia Motors Corp., South Korea’s two largest automakers, forecast their weakest sales growth in eight years as competition intensifies and the stronger won hampers exports. The shares fell.
The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
Japanese demand for raw materials and manufacturing diverted abroad as the nation rebuilds from its worst earthquake on record may aid exporters from Australia’s BHP Billiton Ltd. to South Korea’s Hyundai Mobis Co.
Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of the close in Seoul. The Kospi Index fell 1.1 percent to 1,909.03. The gauge rose 7.9 percent in October, its best monthly performance since March.
South Korean stocks fell, dragging the benchmark index down to its biggest loss in a week, as foreign investors sold equities on concern profit of builders and shipyards will slump and North Korea tensions may increase.
Asian stocks climbed, driving the MSCI Asia Pacific Index to an 11-week high, as companies increased profit forecasts. The yen and dollar weakened and commodities rose as demand for higher-yielding assets increased.