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Asian Exchanges A Sharp Strengthening Of The Response Of Wall Street

Tokyo (Benchmark News) – Strengthening sharply which took place on U.S. exchanges have inspired Asian stock market to experience a gain of up to 1 percent more on trading Thursday (8/12/2016) morning.

ASX index climbed the highest support with 1.07 percent from rising raw material stocks are up 1.4 percent and the financial sector stocks rising 1.5 percent.

For the Nikkei rose 1.2 per cent ignored the economic data is weaker than expected and the strengthening yen. The exchange rate of the dollar against the yen to 113.66 from the position yesterday in 114.

The III quarter of Japan’s economic growth was revised down to 1.3 per cent per year, the initial predictions from 2.4 per cent. Kospi index naik1 percent, 09. So quoting cnbc.com.

In trading Wednesday, major indexes on Wall Street ended with a record of new record highs. The Dow Jones index rising 1.5 percent to 19,549. The highest level since the US election. While the S&P index rose 1.3 per cent to 2,241.35 and the index rising ‘ Astronaut 1.1 percent to 5,393.76.

During Asian trading, US crude oil futures rose US $0.25 per cent at 50,02 after settling at US $49,77 per barrel in the US on Wednesday. Brent settled 1.7 per cent at US $53,00. Oil prices were under pressure on Wednesday in the U.S. from a bearish U.S. crude oil inventory data.

In addition it appears the doubt of the Organization of petroleum exporting countries and Russia to come will be a commitment to slashing output as promised in a meeting in Vienna.

Today, China and Australia will release trade balance data. The ECB will also have a meeting to discuss monetary policy in the future. Investors expect the ECB to extend asset purchases programme for the next six months…(Red)

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