Asian indices rose on Friday at a record pace in 4 months

Asian indices rose on Friday at a record pace in 4 months


Moscow. January 22. Stock indices in the Asia-Pacific region ended on Friday, a record gain since September after an increase in US stocks and oil prices, reports Bloomberg.

In addition, investors digested the statements of the ECB head Mario Draghi made at the press conference after the January meeting on Thursday.

The composite index of stock markets of the Asia-Pacific region MSCI Asia Pacific has grown on Friday by 3.7%. The growth was a record since September and the second since 2009.

The Japanese Topix index jumped 5.6%. China’s Shanghai Composite index gained 1.3 percent, the Hang Seng is 2.9%, the Australian S&P/ASX 200 is 1.1%, South Korean Kospi – by 2.1%.

On Thursday, Draghi announced that the ECB in March, may reconsider its monetary policy in connection with the increase in downside risks in the global economy.

Some experts also believe that the decline in inflationary pressures could become an argument in favor of expanding stimulus by the Bank of Japan at the meeting, which will take place next week.

“The market was clearly oversold, says a trader at Sunrise Brokers LLP Jerseys HSIA. – Much of the growth is due to technical reasons. Not to mention Japanese horse racing index in the last three days – perhaps it becomes the norm.”

Shares of electronics maker Sharp soared 3.1 per cent on rumours that the Taiwanese Foxconn Technology can acquire the company for $5.3 billion

Capitalization of Japanese mobile operator SoftBank, has fallen by 26% since the beginning of the year, on Friday rose by 8%.

The Australian wine producer Treasury Wine Estates jumped by 17% on the back of strong reporting.

Stock quotes manufacturer of drilling rigs Keppel has increased by 5% after Daiwa Securities and UOB-Kay Hian Holdings has improved its recommendations on the securities of the company.