STOCKS NEWS ASIA-Asian ADRs rally 2 pct, China plays shine
HONG KONG, May 14 (Reuters) Asian stocks listed on Wall Street <.bkas> rallied 2.0 percent, led by China plays such as Sinopec after Beijing unveiled plans to allow qualified domestic institutional investors to buy overseas equities.
Chinese shares listed in Hong Kong, or H shares <.hsce>, which have lagged their mainland counterparts, are expected to benefit from the outflow of funds.
Yanzhou Coal Mining jumped 12.90 percent, while Sinopec Corp. , Asia's largest oil refiner, advanced 8.11 percent.
U.S. stocks rose on Friday after producer prices data eased inflation concerns, helping drive the blue-chip Dow <.dji> up 0.84 percent and the tech-heavy Nasdaq <.ixic> up 1.12 percent.
But MSCI's measure of Asia Pacific stocks excluding Japan <.miapj0000pus> eased 0.87 percent after hitting a record high on Thursday.
-- HEADLINES: >Asia Stocks Week Ahead-Cautious, all eyes on China [nSP6488] >Wall St:Investors look for pullback in U.S.
stocks
[.N/O]
>Wall
Street
bounces
back
as
inflation
worries
ease
[.N]
>NTT
profit
misses
f'casts,
sees
no
growth
in
07/08
[nT290066]
>Telstra
says
would
consider
options
if
approached
[nSYD22864]
>India's
SBI
Q4
net
profit
up
75
pct;
beats
f'cast
[nBOM6411]
>China
PC
maker
Great
Wall
to
buy
11.55
pct
of
TPV
[nHKG289491]
>Thai
AIS
Q1
profit
down
25
pct,
beats
forecasts
[nBKK227927]
>ThyssenKrupp
lifts
forecast;
2nd-qtr
adj
profit
up
[nL1124478]
>Japan
considers
incentive
to
boost
generic
drug
use
[nT261691]
>Dollar
slips
against
the
euro,
hurt
by
U.S.
data
[nN11308678]
>Oil
rises
towards
on
Africa
output
woes
[O/R]
>ADR
Report-Chinese
ADRs
lead
gains,
Yanzhou
jumps
[ADR/]
--
KEY
INDEXES
pct
change
Bank
of
New
York
Asia
ADR
index
<.bkas>
+2.00
Dow
Jones
Industrial
Average
<.dji>
+0.84
Nasdaq
Composite
Index
<.ixic>
+1.12
MSCI
Asia
Pacific
ex-Japan
<.miapj0000pus>
-0.87
Nikkei
futures
in
Chicago
17,725.00
Nikkei
futures
in
Osaka
17,540.00
--
ASIAN
ADR
ACTION:
5
most
actively
traded:
price
change/pct
TSMC
-0.10
China
Mobile
+5.70
UMC
+0.91
Siliconware
+2.20
SK
Telecom
+1.18
--
Top
5
performers:
price
change/pct
Yanzhou
Coal
+12.90
Sinopec
+8.11
China
Life
+7.41
Shanghai
Pechem
+7.39
Huaneng
Power
+7.31
--
Bottom
5
performers:
price
change/pct
Metal
Storm
-3.21
Macronix
-2.73
Webzen
-1.30
LG.Philips
-0.56
Konami
Corp.
-0.43
--
TOP
ASIA
EVENTS:
For
more
Asian
company
earnings,
see
[ASIA/EQTY]
JAPAN
-
Earnings:
Isuzu
Motors
Ltd.
,
Pioneer
Corp.
,
NEC
Electronics
Corp.
,
EAccess
Ltd.
-
April
corp
goods
price;
March
current
account
AUSTRALIA
-
March
housing
finance
data
0130
GMT
S.E
ASIA
-
Earnings:
Singapore's
Neptune
Orient
Lines
,
City
Developments
-
Market
holiday
in
the
Philippines
--
REUTERS
PYB
HS1126