Asian stock markets rose in the week as investor sentiment turned positive amid the hope that the policymakers in Japan and China would soon announce stimulus measures to revive the economic growth momentum.
Japan's Nikkei 225 Stock Average gained 4.6 percent and closed at 10395.18. South Korea's Kospi Index rose 0.8 percent and closed at 1997.05.
Investor confidence was lifted by the hope that the Bank of Japan would come under more political pressure to announce monetary easing steps after a report had shown that the country’s industrial output decreased in November. According to the data released Friday by the Ministry of Economy, Trade and Industry, Japan’s industrial production, which measures the total inflation-adjusted value of output from manufacturers, mines and utilities, fell 1.7 percent in November compared to a 1.6 percent rise in October.
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Reported by IBTimes 10 hours ago.
Japan's Nikkei 225 Stock Average gained 4.6 percent and closed at 10395.18. South Korea's Kospi Index rose 0.8 percent and closed at 1997.05.
Investor confidence was lifted by the hope that the Bank of Japan would come under more political pressure to announce monetary easing steps after a report had shown that the country’s industrial output decreased in November. According to the data released Friday by the Ministry of Economy, Trade and Industry, Japan’s industrial production, which measures the total inflation-adjusted value of output from manufacturers, mines and utilities, fell 1.7 percent in November compared to a 1.6 percent rise in October.
Read More on International Business Times
Reported by IBTimes 10 hours ago.