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Asian Stocks Rose: Infosys Ltd (INFY), ICICI Bank Ltd (IBN), Avago (AVGO), JA Solar (JASO), Tata Motors (TTM)

Asian stocks rose after the Bank of Japan said it would maintain its stimulus program and weak U.S. retail sales fueled bets the Federal Reserve won’t raise interest rates in September. Mainland Chinese shares slumped.

The MSCI Asia Pacific Index added 0.2 percent to 143.80 as of 3:03 p.m. in Hong Kong. Sales at American retailers unexpectedly dropped in June, curbing optimism over the strength of a rebound in consumer spending. The BOJ said it will continue to expand the monetary base at an annual pace of 80 trillion yen ($648 billion).

Japan’s Topix index rose 0.5 percent. The BOJ lowered its inflation projection for the fiscal year through March 2016 to 0.7 percent from 0.8 percent and forecast 1.9 percent for the following year.

Infosys Ltd ADR (NYSE:INFY) together with its subsidiaries, provides business consulting, technology, engineering, and outsourcing services in North America, Europe, India, and internationally. The Company shares are trading +22.55% above their 52 week low price after the last close and -14.09% below the 52 week high. Its latest closing price was down -3.65% from the average-price of 200 days while it kept its distance from the SMA50 at +0.89% and -0.48% compared with the SMA 20.

Shares of ICICI Bank Ltd (ADR) (NYSE:IBN) were +11.12% up 52 week lows as of the latest close and -21.06% below the 52 week high. Its latest closing price was down -4.67% from the average-price of 200 days while it maintained a distance from the SMA 50 at +0.89% and -0.28% compared with the SMA 20. ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally.

Avago Technologies Ltd (NASDAQ:AVGO) designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. The stock’s latest price traded at +94.22% up 52 week lows after the closing bell and was -12.23% behind its 52 week high. Its latest closing price was +18.12% above the SMA200 while the distance from the SMA 50 and SMA 20 was -1.85 % and -3.03% respectively.

JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is trading +16.34% higher than the 52 week low price and -28.15% behind the 52 week high. The stock’s latest closing price was -11.53% down from the average-price of 200 days while it kept its distance from the SMA50 at -12.57% and -7.12% compared with the SMA 20. JA Solar Holdings Co., Ltd., together with its subsidiaries, designs, develops, manufactures, and sells photovoltaic solar cells and solar power products based on crystalline silicon technologies.

Tata Motors Limited (ADR) (NYSE:TTM) together with its subsidiaries, develops, designs, manufactures, assembles, and sells commercial and passenger vehicles in India. The Company so far this year has moved down -27.06% and its monthly performance stands at -10.30%. The stock was up +2.39% from its 52 week low and was -40.46% below the 52 week high. Its latest closing price was down -28.81% from the average-price of 200 days while it kept its distance from the SMA50 at -16.17% and -8.65% compared with the SMA 20.