Market Report – Asian Shares Spike

Asian stocks rose for a fourth day.

Chinese factory output growth leapt to a 19-month high in October, showing recovery from the global economic crisis.

In the markets, Australian stocks rose, led by miners such as BHP Billiton and Rio Tinto… on expected Chinese demand from the nation’s top trading partner.

Hong Kong’s Hang Seng gained with HSBC the top boost, surging after Europe’s top lender saying it saw its first improvement in three years in U.S. consumer credit.

Seoul shares rose slightly, led by SK C&C, an affiliate of mobile giant SK Telecom. That soared as much as 22 percent in its trading debut.

And sources say Japan’s state-owned Development Bank of Japan… will offer a $1.1 billion line of credit to embattled Japan Airlines… to keep the airline from running out of cash… sending its shares up for the day.

(NTDTV)