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Asian stocks continue to climb for a second day.

Asian stocks rose on Friday in the last session of the week. This climb comes for the second day in a row on the back of a positive outlook for global economic growth and receding fears shrink and pull out the programs of stimulation after major central banks pledged to continue to implement during the coming period. Benchmark MSCI Asia Pacific rose 0.7 percent to 134.44 by 11:50 am Tokyo time. This comes amid rising investor sentimen

t and few concerns regarding the global economic recovery. Many thanks to industry data which are encouraging in the major global economies. Also contributed to raising the morale pledged to central banks in Europe and Britain and the United States to continue its stimulus programs. Economic data this week showed expansion on the growth of industrial activity in China and Europe, Britain and the United States of America, and recorded jobless American lowest level in five years. Mario Draghi said yesterday that he is likely to keep interest rates low for an extended period, while decided on Wednesday Feds to keep the same bond-buying program by $ 85 billion per month.

China's stock continues to rise for the fourth consecutive day against the backdrop of the government's pledge more support to activate domestic demand and reduce reliance on exports only. Japanese stocks continued to rise amid optimism that reforms carried out by Prime Minister Shinzo Abe, Japan's central pledged to continue its massive economic stimulus. The benchmark Nikkei index of major Japanese stocks climbed 1.93% to 14,275.83 points, while the most known TOPIX index rose 1.8% to 1,184.35 points.

In Australia, Index S & P / ASX 200 rose 0.93% to 5,108.70 points, in China SHSZ300 index rose by 0.80% to 2,263.28 points, and SHCOMP Index increased by 0.55% to 2,040.19 points. The Hang Seng index rose by 0.43% to 22,204.93 points, and in South Korea KOSPI index rose 0.1% to 1,921.19 points.

Friday, 02 Aug, 2013 / 6:51

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