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Asian markets shut shop in green on Fed stimulus hopes

20 Jun 2012 Evaluate

All the major Asian markets barring the Chinese Sanghai closed on a positive note on hopes that the Fed will go forward to stimulate the US economy. It could announce a new bond buying plan. Also the G-20 leaders pledged to support economic growth and help overcome Europe’s debt crisis helping the markets in the region to move higher near to the highest close in a month

The Nikkei closed at 96.44 points or 1.11 per cent to 8752.31, Hang Seng was up to 102.18 points or 0.53 percent to 19518.85, Jakarta Composite closed at 9.41 points or 1.63 percent to 3943.90, Singapore Strait Times closed at 13.27 point or 0.47 per cent to2855.68, Kospi Composite Index end at 12.35 point or 0.65 per cent to 1904.12, Taiwan weighted too closed at 61.50 point or 0.85 per cent to 7334.63.Although most of the Asian stocks end in a positive China’s Shanghai Composite closed down to 7.92 points or 0.34 per cent to 2292.88.

On the other hand China’s Shanghai Composite closed down by 7.92 points or 0.34 percent to 2292.88

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,292.88

-7.92

-0.34

Hang Seng

19,518.85

102.18

0.53

Jakarta Composite

3,943.90

63.08

1.63

KLSE Composite

1,604.39

9.41

0.59

Nikkei 225

8,752.31

96.44

1.11

Straits Times

2,855.68

13.27

0.47

KOSPI Composite

1,904.12

12.35

0.65

Taiwan Weighted

7,334.63

61.50

0.85

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