Asian shares get closer to 10-year maximum

Asian shares get closer to 10-year maximum

On Thursday, Asian equities rallied to near decade maximums, participating in a global equities soar, while the evergreen buck resumed its ascend on the back of a spike in American yields.

There was a minor market reaction to China’s data, which showed that its economic surge cooled a bit to 6.8% during the third quarter year-on-year versus the second quarter's outcome of 6.9% that had been widely forecast.

A moderate loss of momentum had been anticipated because the Chinese government actually tames the heated property market and also cracks down on riskier lending.

Other data disclosed that China's industrial output went up a stronger-than-anticipated 6.6% in September. Meanwhile, retail sales also demonstrated a decent outcome, although investment surge relieved more than anticipated and property sales went down for the first time for two years.

MSCI's index of Asia-Pacific equities grew 0.2%, approaching a 10-year maximum scaled on Tuesday.

Japan's Nikkei N225 rallied 0.6%, showing a fresh 21-year maximum, while South Korea's KOSPI also conquered a historical peak.

As for Shanghai SSEC, it bucked the trend, diving 0.3%.

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera