Markets Show Advancing Trends in Asian Stocks

Markets Show Advancing Trends in Asian Stocks
Markets Show Advancing Trends in Asian Stocks

On Wednesday, traders witnessed an increase in the trends of Asian stocks; one day after U.S. equities left a considerable dent into the extensive losses sustained during Monday’s session.

A closer look at Asian stock markets on Wednesday indicated that, Japan’s Nikkei 225 climbed 1.01%. This was subsequent to International Monetary Fund raising its GDP growth outlook, for the third largest economy in the world, to 1.6% from a position of 1.2% for this year, and to 1.4% from 0.7% for 2014. Accompanied by a tumbling yen, Japanese stocks have been observed as the best performers in Asia this year.

Hong Kong’s Hang Seng increased 0.24% however, the Shanghai Composite edged lower by 0.08%. With some moderate data points related to U.S. available on Tuesday, the Asian stocks recorded an increase.
Singapore’s Straits Times Index advanced 0.32% whereas S&P 500 futures decreased 0.26%.

South Korea’s Kospi moved lower by 0.32% one day after the country revealed a stimulus program of USD17.2 billion targeted at strengthening the economy there.

Australia’s S&P/ASX 200 increased 1% directed by profits in the major banks and defensive sectors such as staples, in the country. BHP Billiton, the largest mining company in the world, also recovered finishing a two-day slide.

New Zealand’s NZSE 50 advanced 0.95% following statements from Statistics New Zealand that consumer price inflation there had increased to 0.4% in the first quarter from a value of -0.2% in the fourth quarter. There was a general expectation among analysts that New Zealand’s CPI could ascend 0.4% in the fourth quarter.

The U.S. Labor Department stated that the consumer price index had slid 0.2% previous month following a 0.7% rise in the month of February. Not including volatile food as well as energy prices, the CPI indicated an increase of 0.1% previous month.

The U.S. Census Bureau announced that housing starts advanced 7% previous month from February to a value of 1.036 million. In addition, reports presented by Federal Reserve indicated that U.S. industrial production had increased 0.4% in March, moving past expectations for a 0.2% increase after a 1.1% rise last month, which supported oil slightly.