Asian shares end higher for third consecutive day

17 Jul 2012 Evaluate

Asian markets ended in green for the third consecutive day on the back of investor’s hope that relentlessly bad data from China to the US will prompt policy makers to take some serious efforts to boost their economies. However,Gains in Japan were limited as exporters came under pressure after the yen rose to a one-month high against the U.S. dollar and hovered close to an 11-year high against the euro. Meanwhile Hang Seng rallied on expectations that the People’s Bank of China will cut its reserve requirement ratio for the nation’s banks in the near-term. Shares in Australia were higher after minutes of the Reserve Bank of Australia’s most recent policy-setting meeting reflected a more positive tone on the Australian economy.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,161.19	13.23	0.62
Hang Seng	19,455.33	333.99	1.75
Jakarta Composite	4,080.67	33.21	0.82
KLSE Composite	1,639.15	3.19	0.19
Nikkei 225	8,755.00	30.88	0.35
Straits Times	3,014.80	16.05	0.54
KOSPI Composite	1,821.96	4.17	0.23
Taiwan Weighted	7,127.00	36.96	0.52

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Asian shares end higher for third consecutive day

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