Markets Across Asia-Pacific Continue to Climb For Second Consecutive Day

Markets across Asia-pacific continue to climb for the second consecutive day after the global market dip.

Shanghai Composite gained 4.82 percent as at 03:29:34 p.m local time while China’s yuan gained the most in four months ahead of the World War II victory parade next week. Shanghai SE share Index gained the same 4.82 percent as at 03:29:46 p.m. bringing total profit this year so far to 47.31 percent at a value of 3,386.18.

In Japan, Topix 500 Index (TSE) rallied 3.28 percent to 1,210.59 as of 02:00:04 p.m local time while Nikkel 500 gained 2.76 percent to bring total profit this year to 27.12 percent at a value of 1,715.09.

Hong Kong Hang Seng Mainland 100 I lost 0.79 percent to close at 6,420.06. The index has lost 11.78 percent this year. S&P/HKEx GEM Index gained 2.43 percent to reduce its loss this year to 11.19 percent.

South Korean KOSDAQ Index gained 2.12 percent to add to its profit this year, the index has gained 20.64 percent of its value this year.

Australian S&P/ASX 200 Index rallied 0.58 percent early this morning and has so far gained 1 percent in 2 days. The Australian dollar also lost 0.10 percent against the U.S dollar to reverse some of yesterday’s gains. Currently trading at 0.7157 price level and reached 0.72048, it’s highest in 3 days.

New Zealand continues to surprise investors amid emerging-market rout and poor exports of dairy farm products, S&P/NZX 20 Index gained 0.61 percent today to bring total profit for the year to 4.10 percent of its market value. The currency also surged to 0.65042 against the U.S dollar during the Asian session and the current pull back to 0.64607 at the opening of European markets.

Malaysia FTSE Bursa Malaysia KLCI gained 0.69 percent to 1,612.74 while Singapore Straits Times Index STI gained 0.26 percent.