Based on the Thursday’s trading, stocks on the main market of the Asia-Pacific Region (APR), rose based on positive statistical data and the decisive measures taken by the Chinese authorities to restore confidence in the stock market, according to Bloomberg.
The composite index of the region MSCI Asia Pacific rose 0.8% to 140.73 points. At the beginning of session it fell 1.7%.
The Chinese market showed the most significant rise since 2009, as investors confidence began to recover thanks to the measures taken by the Chinese authorities almost daily for the past two weeks. The Shanghai Composite Index jumped 5.8%, eliminating the morning drop of 3.8%, and recovered from a level that was the lowest since March 17. Shenzhen Composite jumped 3.8%, while about 600 shares rose during the day at the maximum allowable 10%.
Meanwhile, the trading of securities of more 1439 companies, which together constitute about 50% of the capitalization of the Chinese market, is still suspended.
Japan's Nikkei 225 gained 0.6%, recouping the fall of 1.6% from the beginning of the session. Hong Kong's Hang Seng rose 3.7%, South Korea's Kospi – 0.6%, and the Australian S&P/ASX 200 had little changes. At the same time the Indian Sensex fell 0.4%, the Indonesian Jakarta Composite - 0.7%.
Since the last peak of June 12 to July 8 inclusive, Chinese market lost $ 3.9 trillion (over a third) of capitalization.
"As China increases efforts to rescue the market, the sentiment of the market improved a bit," - said an analyst at Shenyin Wanguin Group Co., Qian Tsimin.
Meanwhile, consumer inflation in China in June 2015 accelerated more than expected: from 1.2% to 1.4% in annual terms, but producer prices continued to fall in the 40th month in a row, which is a record.
The volume of orders for the basic production equipment in Japan, an indicator of investment in the
The stock price of the Japanese Toyota Motor Corp., the world's largest automaker, fell 0.4%.
The price of Toshiba Corp. shares fell 2.1% on news of the supposed sale of assets of the concern, including a part of the package in Westinghouse.
The best results for the Nikkei 225 showed the retailer Fast Retailing Co (+ 4.1%). Due to the sale of brand Uniqlo, the income for three months ended May 31 jumped 36%, to 27.6 billion yen, and revenues by 23%, to 398.4 billion yen. Fast Retailing has confirmed the annual profit forecast at 120 billion yen, with 9.8% less than the consensus of analysts forecast.