Asian stocks rose on positive signals from Europe and the USA


Moscow. October 23. Asian stocks rose on Friday on expectations of increasing the volume of stimulus by the European Central Bank (ECB), and thanks to strong quarterly reports of technology companies in the U.S., reports Bloomberg.

China’s Shanghai Composite rose 0.5%, the Japanese Nikkei 225 by 2.3%, Hang Seng – by 1.3%, the Australian S&P/ASX 200 1.7%.

The ECB President Mario Draghi said last Thursday’s meeting of the Central Bank that the monetary stimulus will be reviewed in December. According to him, the ECB may reconsider how the current volume of quantitative easing (QE), and the composition of the redeemed under this program, assets, and expiration date.

“QE will continue until September 2016 or longer if necessary”, – he SAID.

“Draghi is almost confirmed that we are waiting for a Christmas present, said analyst at IG Ltd. in Melbourne, Evan Lucas. – At the moment the ECB is considering the possibility of using all available instruments”.

“The Japanese market follows the world rally, says analyst at Resona Bank Ltd. in Tokyo Kaisi Kurose. – If Europe will increase to stimulate the economy, the Japanese Central Bank will do the same”.

Support global stock markets also had strong quarterly reports of American technology companies Microsoft, Alphabet and Amazon.com published the day before.

Shares of the largest Japanese broker Nomura Holdings jumped 5.1%, cosmetics maker Kose Corp. – 4.9%.

Share prices of Chinese companies traded in Hong Kong, are rising Friday in anticipation of new steps taken by the government to support the economy.

Next week in Beijing will begin next Plenum of the Central Committee of the Communist party of China. According to the forecast of economists by Bloomberg, the main topics of discussion at the Plenum will be the acceleration of reforms in the public sector and the extension of pollution abatement of environment.

Investments in environmental protection in 2016-2020 may be 10 trillion yuan ($1,57 billion), which is twice higher than in the previous five years, notes the analyst of Credit Suisse Group AG Trina Chen.

Shares of Jiangxi Copper and China Petroleum & Chemical Corp. at auction in Hong Kong has risen by no less than 1.9%.