March began with increases in all stock exchanges in Asia
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.
The regional index MSCI Asia Pacific, which covers the securities markets in ten Asian countries, Australia and New Zealand, have risen for a second day, adding 0.8 percent to 119.02 points. It is well known mining companies in their composition because of the strong appreciation of copper today. Since the beginning of this year, however, MSCI Asia Pacific has lost 1.2 percent of its value under the weight of recent concerns about monetary tightening in China and the United States, and amid fiscal crisis in Greece. In February, the index rose by 0.5 percent, and in January lost 2.5 percent on a monthly basis.
Tags: Financial Group, JPMorgan, Nikkei, Sumitomo Mitsui