(MENAFN– ecpulse)
Asian stocks witnessed today a rise from its lowest level in five weeks after releasing U.S. factory orders data that came at it highest in six months especially after the cold wave that hit the United States increasing the positive outlook of the U.S. economy.
On the other hand, the attention remains on the Fed meeting that will be held this week amid the investors’ interest in knowing wether the bank will continue to withdraw monetary stimulus from markets or simply be sustained with the previous two rounds of stimulus reduction.
- The MSCI Asia Pacific Index rose 0.5% to 134.72 at 3:34 in Tokyo.
Japanese stock market rose amid stable Yen against Dollar in light of the sanctions imposed on Russia after the Crimea referendum.
- Nikkei 225 closed 0.94% higher at 14411.27.
- Topix closed 0.95% higher at 1165.94.
- Shanghai Composite closed 0.08% higher at 2025.20.
Australian shares rose today after the meeting minutes of Australia’s Central Bank, which pointed out the importance of continuing to support growth in various economic sectors and to maintain low interest rates.
- Australia’s S&P/ASX 200 0.51% higher at 5344.56.
- New Zealand’s NZX 50 closed 0.94% higher at 5135.66.
- Kospi closed 0.66% higher at 1940.21.
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