The stock markets in Asia and the Pacific region remained positive momentum from the previous two sessions and rose for a third day, leaving the regional MSCI Asia Pacific Index to its highest level last month. Increases in the U.S. indexes and good financial results for the quarter a number of companies in the region supported the optimistic stock investors today. Among the most profitable for banks, they had relaxed rules governing the capital adequacy of banks, which were announced by the Basel Committee. He was instructed by the leaders of the G-20 to establish new rules to regulate the financial sector because of the severe consequences of the financial crisis. MSCI Asia Pacific, which covers the stock markets in ten Asian countries, Australia and New Zealand increased by 0.4 percent to 118.49 points. After winning the last three sessions, it is a 8.2% below its highest point this year, which said on April 15. Exchange in Australia S & P / ASX 200 rose 0.3 percent to 4 497.40 points after the index of leading indicators showed that the Australian economy will continue to grow in the second half of this year. He rose for the third consecutive month in May, increasing by 0.3 percent compared to April.
In Hong Kong’s Hang Seng added 0.6% to 20 973.39 points, while awaiting the auction of government land, which will be held this week. Wide Chinese Shanghai Composite stock index fell however by 0,5% to 2 575.37 points, led by banks because of concerns that they will be able to recover more than 20% of loans to finance regional infrastructure projects awarded to local authorities in China. Exchange Straits Times in Singapore rose by 0.6% to 2 985.52 points. Shares of the second-largest airline by market capitalization in the world Singapore Air rose 1.8 percent after having announced a net profit of 186 million dollars for the quarter, surpassing analysts’ forecasts. Nikkei 225 also finished in negative territory, but with minimal loss of 0.1% to 9 496.85 points. Shares of Yahoo Japan rose 1.2 percent on the Tokyo Stock Exchange after the news that the company may cooperate with Google in online search business.