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Financial markets in Asia reported stable growth supported by positive economic data

Financial markets in Asia

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Few working financial markets in Asia reported stable growth in Monday. Among the reasons for good performance is the so-called Tankan report of the Japanese Central Bank (Bank of Japan), which shows that positive attitudes among major producers have risen to a record ten years. On the other hand, attitudes among Japanese industry managers can be interpreted in two ways.
The Japan’s leading stock index Nikkei 225 rose by 0.22% to 20,400.78 points at the start of the trading session, renewing its closing maximum in the past two years. Today, when the Tokyo market closed, the dollar swapped to about 112.89 JPY, compared to 112.66 JPY at the end of Friday’s trading.
The Australian ASX 200 added 0.84% to its value.
The stock markets in mainland China, Hong Kong, India and South Korea remained closed due to holidays.
The confidence of large Japanese companies has reached a 10-year maximum, and this is yet another argument for Prime Minister Shinzo Abe during the campaign for early parliamentary elections. After a series of positive indicators – on consumption, inflation, industrial output and employment – announced last week, the confidence index of major Japanese companies rose by 5 points in September to 22 points. Such value has not been taken into account since September 2007.
However, unclear signals came from China. While the official Manufacturing Manufacturing Index (PMI) rose in September to its highest position in five years.