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Asian indices rally on QE3 launch; Nikkei climbs 1.64%

14 Sep 2012 Evaluate

Asian stock markets went home with huge gains on Friday on the back of much awaited launch of third quantitative easing by the Federal Reserve yesterday with keeping the funds rate at 0.0%-0.25% at least till mid-2015. Kospi Composite hits a five month high in the session, while Hong Kong's Hang Seng Index ended firm after touching highest level since early May. Japan's Nikkei closed strong, gaining a foothold above 9,000 on bold plans for stimulus from the U.S. Federal Reserve.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,123.85

13.47

0.64

Hang Seng

20,629.78

582.15

2.90 

Jakarta Composite

4,257.00

86.36

2.07

KLSE Composite

1,642.95

14.55

0.89

Nikkei 225

9,159.39

164.24

1.83

Straits Times

3,070.42

40.28

1.13

KOSPI Composite

2,007.58

56.89

2.92

Taiwan Weighted

7,738.05

159.25

2.10