Asia once again closed at multi year highs on

Asia once again closed at multi-year highs on Monday

Stock trades in the
The Asia-Pacific region again
show record values. Chinese
the stock rose to multi-year highs
on Monday, while caution
about the upcoming meetings of the central
Bank slightly trimmed rest
Asian indices.

"What is going on
the China market now, this movement
Retail money back into stocks after
5-6-year-long bear market.
The yield on deposits and the market
property do not move, so
retail investors are forced to move
in shares"- says Steven Sheng,
investment strategist at SHK Private.

The Federal Reserve
The US will begin a two-day meeting
on Tuesday, while the Bank of Japan should make
statement on monetary policy on Thursday.

Gains on Wall Street
last week raised the mood
in Asia. Nasdaq Composite and S P 500 closed at
record highs on Friday after
next on the company earnings reports.
Among the major “engines» – Microsoft,
which grew at 10.45% after
reports a profit of 61 cents per share,
revenues of $ 21.73 billion, which exceeded
expectations.

Shanghai Composite today
jumped 2.32% to seven peak
while the Hang Seng Index rose by 1.54% – up
the highest level since December 2007
of the year. Investors did not react to
weak data, published in the open
market – industrial companies showed
drop in profit for the first three months
this year at 2.7%, according to the Bureau of Statistics.

In Hong Kong, HSBC grew
5% after the announcement that he was going
move the headquarters to Hong Kong from
London. The developer Vanke lost 0.7% after
reports decline in profits by 59%
the first quarter. The Australian index S P
ASX 200 gained a new weekly high
second session in a row – grew by 0.77%.

Benchmark
Japan fell below 20,000 points since
investors expected in the first quarter
good income heavyweights Canon and Fanuc.
Sony lost more than 1% after reports in
Media that the former executives are accused
Director General Kazuo Hirai in
decrease in creativity
company.

South Korean stocks
companies retreated to the four-year
highs in points in 2189, but then the index
KOSPI fell by 0.11% – to the level of 2157.34. Among
blue chips – Samsung Electronics fell by almost
on 2%.

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