BYD

U.S. Employment Figures Buoy Nikkei, Buffett's BYD Boosts Hang Seng

A slight slip in the price of oil allowed Japanese investors to focus attention on positive employment figures out of the U.S., boosting the Nikkei 225 Index by 0.9%. In Hong Kong the Hang Seng also Index added 0.3%, while the Shanghai Composite Index edged down 0.4%.

Higher Oil Prices Send Asian Shares Up

Asian investors brushed aside worries over continuously rising Chinese inflation today, focusing instead on bargain shopping. Energy companies were a major attraction as oil prices surged. Hong Kong's Hang Seng Index climbed 1.1% and China's Shanghai Composite Index advanced 0.9%. In Japan the Nikkei 225 Index edged up 0.6%.

Copper Stockpiles Grow in Asia, Commodity Shares Fall

In Asia Thursday Hong Kong's Hang Seng Index fell 1.3% and China's Shanghai Composite shed 0.5%, as copper slid for a third day and banks retreated on reports that China has clamped down on loans. In Japan the Nikkei 225 Index inched up 0.1%.

Making a Well-Placed Bet on China's Growth

One Chinese company that stands to benefit from China's boom is tiny and little known COGO Group, which provides some of the nuts-and-bolts components and expertise that local manufacturers need to produce high-performance and top-quality products.