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Asian Market Analysis from First Binary Option Service.
Asian stocks inclined in today`s early trades, giving a chance for the regional gauge to record its third day of gains, backed by cheerful news about China`s industrial and South Korea`s trade balance. The MSCI Asia Pacific Index climbed 0.4 percent by 9:56 AM in Tokyo Base metals rose, as copper ended a four day decline, while aluminum and zinc climbed 0.2 percent.
On the other hand, the Australian dollar rose 0.5 percent, after the release of China PMI showing a continuous rebound in industrial production and South Korea` won gained, after data showed South Korea`s trade balance surplus widened more than estimates.
Japan`s Topix index climbed 0.9 percent, while South Korea`s Kospi added 0.2 percent, after it climbed 3 percent last week. Moreover, S&P/ASX 200 Index climbed 0.7 percent in Sydney alongside rising Aussie that recorded 89.42 U.S cents, after it slid 1.4 percent last week.
Monday, 02 Sep, 2013 / 7:37
Source : https://www.firstbinaryoption.com
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