Asian stocks set for best monthly gain since Sept 2010 | Bangkok Post: business

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Asia stocks 'best monthly gain for 3yrs'

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Asian stocks are headed for the biggest monthly gain since September 2010 after U.S. jobless claims unexpectedly fell and Japan’s inflation accelerated to the fastest pace since 2008. 

Taiwan Semiconductor Manufacturing Co., the world’s largest contract manufacturer of chips, rose 1.5 per cent to NT$103. Tokyo Electric Power Co. gained 6.6 per cent as the operator of the crippled Fukushima Dai-Ichi nuclear station applied for safety checks to restart a plant in Niigata. Mirabela Nickel Ltd. slumped 59 per cent after the Australian producer of the metal said it may miss its output forecast.

The MSCI Asia Pacific Index added 0.1 per cent to 140.63 as of 5:03 p.m. in Hong Kong as eight of the 10 industry groups advanced. The gauge climbed 8 per cent this month through yesterday, touching a four-month high on Sept. 23, after the Federal Reserve unexpectedly maintained its stimulus program. It has jumped 7.8 per cent this quarter.

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