Asian Stocks Rise to 17-Month High

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Hong Kong’s Hang Seng Index (HSI) gained 0.8 percent with an impressive upsurge in trading volume. The Shanghai Composite Index was sluggish in the wake of it entering a bull market. The index rose 21 percent from Dec. 3, which was its lowest level since Jan of 2009.

In Taiwan the Taiex Index (TWSE) gained 0.5 percent. This is hot on the heels of an announcement by Huang Tien-mu, Taiwan’s securities regulator that, the country is set to double the upward limit of inbound securities investments from China to $1 billion.

Japan’s Nikkei 225 Stock Average (NKY) closed at its highest since April 2010 on the back of a 1.9 percent rise in value. The Topix Index gained a further 1.4 percent having just experienced its longest weekly surge since the early seventies.

South Korea’s Kospi Index (KOSPI) mirrored gains in the region advancing 0.5 percent in the wake of a climb in industrial output. The Kospi remains one of only two Asian benchmark stock measures to have experienced drops this past month.

Finally to Australia where the S&P/ASX 200 Index (AS51) rose for the tenth consecutive day, moving steadily towards its longest upward turn since October of 2003.

 

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