Asian exchanges had a positive start of a trading session. Today, for the first time in four sessions, indexes started growing. Such positive reaction has been caused by strong data from US real estate market and industrial growth in South Korea.
Independent index of the region MSCI Asia Pacific has increased by 0.7 percent – to 121.98 points. Japanese index Nikkei 225 has gained 1.41 percent, Hong Kong Hang Seng – 0.42 percent, South Korean Kospi – 0.77 percent, Australian S&P/ASX 200 – 0.63 percent.
During September production volume in South Korea has increased by 0.8 percent. «Market Leader» reminds that in August the index used to drop by 0.9 percent. Analysts were predicting the index to grow by 1.5 percent. At the same time, the value of S&P/Case-Shiller index has been announced, which has indicated the growth of housing in 20 largest cities in the USA by 2 percent, in comparison to expected 1.9 percent.
According to the experts of , the Japanese index is expected to finish the second wave and start getting ready to rapid growth within wave (3). Current significant support is provided by point 8806. If the index manages to develop the impulse from the current point and break the point of resistance 9000-9110, then the third up-wave will certainly develop.
