Japanese stocks stopped their negative 3-days series

Toyota sharesThe Japanese stocks recorded gains and cut negative three-day series, after the yen continued to depreciate. Speculation that the US Federal Reserve may soon reduce incentives impacted investors in Asia. Nikkei 225 ended the session on Friday with a growth of 0.40% to 15 403.11 points. The Hong Kong’s Hang Seng registered a growth of 0.12% to 23 245.96 points. Leading Chinese Shanghai Composite Index declined by 0.31% to 2 196.07 point. The South Korean KOSPI index closed with a decline of 0.26% to 1962.91 points. Australia’s benchmark S&P ASX 200 climbed 0.71% to 5 098.43 points. The investors largely shrugged off news that the House of Representatives approved a U.S. bipartisan agreement on the budget. Next week, the Senate and the proposals. The JPY hit a new 5-year low against the USDand the euro. Domestic producers benefit from the cheaper currency. The mood of market participants and stimulate the Japanese government’s decision to approve new incentives to 53 billion USD to soften the impact of the reduction in sales tax next April. The shares of blue chips and sensitive to changes in the exchange rate rose exporters. Fast Retailing added 2,4%, Fanuc – 1,4%, and Nikon – 0,7%.
Iluka Resources added 3% to its market capitalization after prices of nickel and copper recorded a 5-week highs. The companies in Australia, gold mining, reacted diversely to the news that gold cheaper by 3% on the stock exchanges in Asia before limiting its losses. Evolution Mining shares fell 4.3%, while those of Kingsgate Consolidated rose 3.6%. The AUD fell below 90 cents per USD – its lowest level since August 30, after the governor of the Reserve Bank of Australia Glenn Stevens said he preferred the Australian dollar to trade at a rate of 85 cents per USD.
The Chinese leading stock index Shanghai Composite recording a second consecutive session of two-week low as investors expect the forecasts for economic growth in the country in 2014, they must be announced at a special conference. The banks extended losses. Merchants Bank led the losers with a decline in the price of shares of 2%. ICB lost%age. Citic Bank limit its losses to close with a fall in price by 0.2%. The istitution seek permission from shareholders to write off bad loans for more than 500 million USD. In South Korea, for the second consecutive session KOSPI remains over a three-month low. Investors did not miss and the latest political news from North Korea. The news agency of the country said that was executed influential uncle leader Kim Jong Un. Shares of Samsung Electronics and Kia Motors lost a percantage of their value.
Indian SENSEX plunged by another 0.85% to 20 748.75 points after yesterday wiped 1% of its value. The news that inflation in November jumped by more than expected to 11.24%, a negative impact on the market. The Thai SET index closed leading to a decline of 1.16% to 1 340.45 points after protests demanding the resignation of the Prime Minister continued.

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