n Friday Asian exchanges are showing steady growth. The situation at stock market has been favoured by the decision of the Central Bank of Europe to buy out an unlimited number of the government bonds of EU problematic countries. China has provided a plan on further economic development: expansion of metro system in 18 largest cities, construction of 2 ths. km of roads.
Independent index of the region MSCI Asia Pacific has risen by 1.7 percent. Japanese index Nikkei 225 has added 1.97 percent, Australian index SP/ASX 200 – 0.27 percent, South Korean index Kospi — 2.35 percent, Hong Kong Hang Seng — 2.37 percent.
The shares of the largest producer ofphotography equipment Canon Inc. have risen by 2.6 percent, car producer Toyota Motor Corp. у– by 1.9 percent, and Hong Kong гclothes manufacturer Esprit Holdings Ltd – by 2.8 percent.
The chart below reflects the current state of affairs with Nikkei 225: the index has failed to overcome the level of resistance 8632 during the previous trading session, which means that the fifth wave may have been reduced. This has been followed by strong impulse movement, which is currently forming the last fifth wave within wave [i] or higher wave [a].
