The Asian stocks indexes had risen during Friday’s trades at the end of this week trading, on their way to record the biggest quarterly rise in five years, upon several signs on the strength of the global economy, in addition to the rise of the crude oil’s prices to stabilize eventually above the level of 50 dollars per barrel.
The growth data that was released yesterday from the American Economy, which has come even better than the expectations during the fourth quarter, had helped in improving the performance of the American and global stocks indexes with expecting the global economic to reverse, although some of the stocks indexes have started to recede again, because of the selling procedures in order to make money with the close of the financial centers at the end of the first quarter of 2017.
The Japanese stocks have risen during today’s trades which caused the rise of the Topix index, which is the most famous in Japan, by 0.67% to be increased by 7.91 points and to reach the level of 1,188.72, as for the main NIKI 225 index of the Japanese stocks, it has risen by 0.56% to gain 107.19 points and to reach the level of 19,170.41.
The Chinese stocks indexes witnessed a recession during todays’ trades, as the CSI 300 indicator has recede by 0.13% to be discounted by 4.49 points and to reach the level of 3,432.27, also the Shanghai index has receded by 0.08% which resulted in losing 2.48 points and to reach the level of 3,207.75.
The Hang Sing index of Hong Kong stocks receded by 0.78% to witness a discount of 188.90 points and to reach the level of 24,112.10, also the Cosby index of south Korean stocks receded by 0.07% to lose 1.42 points and to reach the level of 2,163.22.
The NZX 50 index of New Zealand stocks receded by 0.22% to earn 16.01 points and to reach the level of 7,185.12, on the other side, the S&P/ASX 200 index of Australian stocks receded by 0.06% to lose 3.73 points and to reach the level of 5,892.50.