Economic news

Asian stock markets modestly extend gains

Asian shares rose slightly on Tuesday, extending the positive dynamics of the first working day this week, as the encouraging economic data from China softly dispelled market participants’ concerns over the slowdown in the global economy.

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Japan’s Nikkei traded in a flat, with a slight decrease of 0.02 percent to 21.505.31 at 6.45 GMT.

Hong Kong's Hang Seng added 0.12 percent, having reached the amount of 29,597.64, China’s Shanghai Composite climbed 0.34 percent to 3.181.01, while South Korea’s Kospi quotes gained 0.41 percent, having increased to 2,175.37.

Stock indices in Taiwan and Singapore built up 0.45 percent and 0.62 percent respectively, while Indonesia’s index lost its weight by 0.19 percent.

The Australian ASX 200 was up 0.41 percent, to 6,242.40.

The MSCI’s broadest composite index for the Asia-Pacific region outside Japan grew by 0.2 percent, having reached its 7-month peak.

The United States also joined the rows of manufacturing sector growth, according to recent data, so the mood in the stock markets improved, having raised the yield on 10-year bonds of the country.

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