19 July 09:38 AM
Asia Pacific Exchange (APX) has closed with higher indexes. This has resulted from hopes for expanding the measures of Chinese government towards supporting national economy and strong statistical data at US real exchange market.
Japanese index Nikkei 225 has reached 8 795.55 points, having risen by 0.79 percent. TOPIX wide index has gained 1.03 percent and amounted to 748.06 points. KOSPI (South Korea) currently equals to 1 822.96 points, having gained 1.56 percent, Hong Kong Hang Seng has added 1.66 percent and equals to 19 559.05 points.
Traders have met US statistical data with optimism. This data has exceeded the ones previously predicted by experts. US new housing has risen to 760 ths. since 2008, which is 6.9 percent more than in May or 23.6 percent more than last year.
According to Masterforex-V Academy, Japanese index Nikkei 225 has chosen the option wuth triangle within wave b. Wave с has been characterized by five-part structure; wave b of higher wave level has generally finished, but its uptrend may continue after a small consolidation, thus wave c will become complex.
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US stock indices are trading without any major moves as they cannot find common dynamics. Yesterday, Standard & Poor's 500 dropped down to the local low, which can affect other stock indices. However, most indices are currently trading in the green zone.
European stock indices have started this trading week positively and are currently trading in the green zone. Some indices keep making new 5-year highs.