The first session brought the March increases in all stock exchanges in the Asian and Pacific region, with the greatest distinction is stock height measurements in Hong Kong, Taiwan, Australia and China. For that most contribute to the good performance of financial and quarrying companies in the region. For optimism helped the stock appreciation of metal, and the news that the factory sector in China and Australia continues to rise in February. Meanwhile, JPMorgan Chase raised its assessment of the three largest Japanese banks, which support the financial sector. The Japanese index of blue chip Nikkei 225 rose by 0.5% to 10 172.06 points, led by the three largest banks, Mitsubishi UFJ, Sumitomo Mitsui Financial Group and Mizuho Financial Group. In Australia the S & P / ASX 200 rose by 1.1 percent to 4 686 points while New Zealand NZX 50 index added 0.3% to 3 164.2 points. Most today increased the primary stock index of the Hong Kong Hang Seng, which jumped 2.2 percent to 21 056.93 points. For that contributed most Chinese banks Industrial & Commercial Bank of China and China Construction Bank. In Shanghai Shanghai Composite rose by 1.2 percent to 3 088 points. The news that China may reduce duties on Taiwanese companies, led by strong growth in the stock market in Taiwan, because it will support the country’s exports. The main TAIEX stock measure rose by 1.9 percent to 7 578 points, with most recording strong growth since the early days of February.
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The price of oil rises above $ 80 a barrel during electronic trading today in Asia, in line with increases in the indexes of securities markets in the region. Economic optimism today was fueled by news of the expansion of the factory sector in China and Australia, says the AP. U.S. light crude for delivery in April, more expensive by 56 cents to 80.22 dollars a barrel during electronic trading on the New York oil exchange. Oil futures rose by 1.49 dollars or 1.9 percent, to finish the last session in February at a level of 79.66 dollars per barrel. Within the energy input of February rose by over 9% during the last five months its price ranges from 69 to 84 dollars per barrel. Most strongly on price levels in recent months reflect data on oil stocks and demand in the U.S., and the change in the rate of the dollar. International petroleum exchange in London Brent crude supply in April with more expensive by 54 cents to 78.13 dollars per barrel.
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