Cosco International

Asian Markets Rise as Japanese Machinery Orders Ramp Up

Asian markets rose Wednesday on news that Japan's economy may finally be bouncing back. Figures released yesterday show that machinery orders in Japan jumped 4.2% in January over December, sending the Nikkei up 0.6%. In Hong Kong the Hang Seng Index edged up 0.4% and China's Shanghai Composite Index added 0.1%.