{"id":41599,"date":"2013-09-03T07:53:24","date_gmt":"2013-09-03T11:53:24","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=41599"},"modified":"2013-09-03T07:53:24","modified_gmt":"2013-09-03T11:53:24","slug":"asian-stocks-climbs-on-global-recovery","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/09\/03\/asian-stocks-climbs-on-global-recovery\/","title":{"rendered":"Asian Stocks Climbs On Global Recovery"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

\u00a0<\/span><\/p>\n

Major Asian stocks were seen in green on Tuesday, driven by the positive manufacturing data from Europe and China, along with the Markit\u2019s euro area manufacturing Purchasing Manager\u2019s Index (PMI) boosted to 51.4 points in August. While the Official PMI rose to a 16-month high of 51.0 points from previous reading of 50.3 points in July.<\/p>\n

The Japanese yen was weakened to a one-month low against the greenback, boosting the country\u2019s stock and driven by the upbeat data which shows that the global economy is recovering and stabilizing. The yen was traded 0.13% lower at \u00a599.45 at the time of writing.<\/span><\/p>\n

Japan\u2019s benchmark Nikkei 225 advanced on Tuesday, edging 2.99% higher to 13,978.44 points and reaching a three-week high during the session.<\/p>\n

The Bank of Japan (BoJ) announced that the country\u2019s monetary base rose from previous record of 38% in July to 42% in August, exceeding analysts forecast of 41.3%. Japan\u2019s spending signified above-forecast figures as it was recorded flat in the second-quarter.<\/p>\n

A separate report released from the Japanese Ministry of Health, Welfare and Labour revealed that Japan\u2019s average cash earnings increased 0.4%.<\/p>\n

Exporters were driven by the country\u2019s weaker yen, with Honda Motors, Japan\u2019s second-largest automobile manufacturers edging 1.8% higher and Toyota Motor gained 3% during the day. Mitsubishi Motors, the sixth biggest automaker in the country, soared 7.5% higher.<\/p>\n

Tokyo\u2019s broader Topix index surged a massive 2.81% to 1,149.18 points.<\/p>\n

Asian Stocks – China Positive Data<\/span><\/h2>\n

Gains were seen during the session in China , with Hong Kong\u2019s Hang Seng rose 0.88% higher to 22,371 points and the Chinese mainland Shanghai index advanced 1.18% to 2123.10 points.<\/p>\n

Chinese companies were driven by the upbeat manufacturing data, suggesting that the country\u2019s economy is recovering at a faster pace.<\/p>\n

The official non-manufacturing PMI for August declined from July\u2019s 54.3 points to 53.9 in August, according to reports from the National Bureau of Statistics.<\/p>\n

 <\/p>\n

Interested in trading shares in Asian Markets? \u00a0Visit<\/i><\/strong>\u00a0<\/i><\/b>www.hymarkets.com<\/a><\/i><\/strong>\u00a0<\/i><\/b>today and start trading from $50!\u00a0<\/i><\/strong><\/p>\n

The post Asian Stocks Climbs On Global Recovery<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog \u00a0 Major Asian stocks were seen in green on Tuesday, driven by the positive manufacturing data from Europe and China, along with the Markit\u2019s euro area manufacturing Purchasing Manager\u2019s Index (PMI) boosted to 51.4 points in August. While the Official PMI rose to a 16-month high of 51.0 points from … <\/p>\n

Continue reading “Asian Stocks Climbs On Global Recovery”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-41599","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/41599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=41599"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/41599\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=41599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=41599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=41599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}