Asian-Pacific stock indexes are showing strength as investors expect the ECB to announce a new bond purchase program and other anti-crisis measures.
The stocks of mining and steel companies are appreciating in value on higher copper and oil prices. In particular, Rio Tinto’s stock gained 1.8% while Santos Ltd. saw its stock appreciating by 2.7%.
· MSCI Asia Pacific gained 0,3%, thereby touching 116,11
· Nikkei 225 dropped 0,1%
· SP/ASX 200 boosted by 0,8%
· Kospi increased by0,4%
· Shanghai Composite gained 0,1%
Toyota Motor Corp. Saw its stock boosting by 1,3% while the stocks of Suzuki Motor and Honda Motor appreciated by 1,2% and 1,1% correspondingly.
Yesterday’s trading session was bearish for Asian-Pacific stock indexes.
The chart below, courtesy of , reflects the current state of affairs in the market of FTSE 100:
