Asian stocks climbed in the trade today with the region’s benchmark index approaching a four-day winning streak with the lazy US retail sales spurring sentiments that the Federal reserve won’t be increasing interest rates anytime soon.
The MSCI Asia Pacific Index gained 0.4%, 11:43 am, Hong Kong time. In the previous three trading days, the gauge had added a total of 2.2%. . Regional gauges have mixed reactions with China declining among the Asian indexes after it experienced a reduction in credit expansion along with a stalling of investments. Due to the conditions, China is expected to carry out measures to expand stimulus for Asia’s largest economy. Japan’s Nikkei 225 Index and South Korea’s KOSPI Index are up by 0.66% or 100.94 pips to 15,314.57 and 0.04% or 0.86 pips to 2,063.22 respectively. China’s Shanghai Composite Index and Hong Kong’s Hang Seng Index declined by as much as 0.74% or 16.41 points to 2,206.47 and 0.44% or 108.70 pips to 24,781.64 respectively. Capping off the major Asian indices are Australia’s S&P/ASX 200 and CNBC 100 ASIA IDX advancing by 0.61% or 33.78 pips to 5,548.50 and 0.36% or 27.00 pips to 7469.25 respectively.
One of South Korea’s top online game maker, NCsoft Corp. climbed by 8.3% following an increase in its quarterly profit. Australia’s Crown Resorts Ltd. is also up by 4.8% after the casino company reported an increase of 66% for its full-year revenue. Japan’s Aiful Corp. plunged by 13% due to its poor performance that yielded a 71% quarterly loss. China’s Vanke paced the decline as it sank by 1.3%.
Chief investment officer at Platypus Asset Management Ltd., Donald Williams commented to Bloomberg that despite the Fed’s changes in the way they discuss the rates, the market is still a long way away from the raise in interest rates. Williams adds that so long as the interest rates maintain their low levels that might be for a couple of years more, equities will stay “well bid.”
The material has been provided by InstaForex Company – www.instaforex.com
Asian stocks climbed in the trade today with the region’s benchmark index approaching a four-day winning streak with the lazy US retail sales spurring sentiments that the Federal reserve won’t be increasing interest rates anytime soon.
The MSCI Asia Pacific Index gained 0.4%, 11:43 am, Hong Kong time. In the previous three trading days, the gauge had added a total of 2.2%. . Regional gauges have mixed reactions with China declining among the Asian indexes after it experienced a reduction in credit expansion along with a stalling of investments. Due to the conditions, China is expected to carry out measures to expand stimulus for Asia’s largest economy. Japan’s Nikkei 225 Index and South Korea’s KOSPI Index are up by 0.66% or 100.94 pips to 15,314.57 and 0.04% or 0.86 pips to 2,063.22 respectively. China’s Shanghai Composite Index and Hong Kong’s Hang Seng Index declined by as much as 0.74% or 16.41 points to 2,206.47 and 0.44% or 108.70 pips to 24,781.64 respectively. Capping off the major Asian indices are Australia’s S&P/ASX 200 and CNBC 100 ASIA IDX advancing by 0.61% or 33.78 pips to 5,548.50 and 0.36% or 27.00 pips to 7469.25 respectively.
One of South Korea’s top online game maker, NCsoft Corp. climbed by 8.3% following an increase in its quarterly profit. Australia’s Crown Resorts Ltd. is also up by 4.8% after the casino company reported an increase of 66% for its full-year revenue. Japan’s Aiful Corp. plunged by 13% due to its poor performance that yielded a 71% quarterly loss. China’s Vanke paced the decline as it sank by 1.3%.
Chief investment officer at Platypus Asset Management Ltd., Donald Williams commented to Bloomberg that despite the Fed’s changes in the way they discuss the rates, the market is still a long way away from the raise in interest rates. Williams adds that so long as the interest rates maintain their low levels that might be for a couple of years more, equities will stay “well bid.”
The material has been provided by InstaForex Company – www.instaforex.com
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