ASIAN STOCK MARKETS GROWTH, LIKE AMERICAN INDUSTRIAL FIGURES
Le Asian bags continued to run on the wave of the positive figure for American industrial production (which grew twice as much as expected in March after a positive February) and the declarations of the Fed Chair Janet Yellen, according to which the US Central Bank will continue to support the economy.
On the securities front, GungHo Online Entertainment rose 17% in Tokyo after the video game maker said six of its creations were turning a profit. Canon gained 2,2% after reporting a 50% increase in earnings in the quarter ended March. Santos contracted 1,5% in Sydney after the oil and gas operator's quarterly sales fell short of analysts' expectations.
The MSCI Asia Pacific Index it gained 0,3%, hitting 138.44 at 9:30am in Tokyo, before the opening of the Chinese and Hong Hong markets. All ten industrial groups were growing.
"The global economic cycle is gradually improving and monetary conditions are more supportive," said Shane Oliver, head of investment strategy at AMP Capital Investors from Sydney. "The trend in equity markets should remain positive."
The Japanese Topix fluctuated between gains and losses amid a strengthening yen (after four days of decline). South Korea's Kospi gained 0,3% and Australia's S&P/ASX 200 jumped 0,5%. New Zealand's NZX 50 Index was up 0,1 percent.
http://www.bloomberg.com/news/print/2014-04-17/asia-stocks-rise-second-day-on-u-s-data-yellen-comments.html
