04 May 2009 11:06 [Source: ICIS news]
SINGAPORE (ICIS news)--Asian petrochemical stocks tracked the sharp gains in regional bourses on Monday on hopes the ?xml:namespace>
Basing his prediction on the recent data on US jobless claims, Lam said the recession in the world’s biggest economy “will probably end no later than the third quarter of 2009”.
The Shanghai Stock Exchange (SSE) index gained 3.32% at 2,559.91, while the Taiwan Stock Exchange index rallied 5.64% to 6,330.40.
Elsewhere in Asia,
On Friday, data from the Institute for Supply Management showed US manufacturing activities improved in April although the reading remained below 50 points, indicating a contraction.
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