Uptrends prevail in Asian stock markets, following the rally on Wall Street brought by technology companies.
Attention is drawn to the meeting of the Politburo of the Communist Party in China, regarding possible indications for the course of monetary policy.
Analysts say the meeting is likely to focus on ways to boost growth as leaders try to allay concerns about how lockdowns are affecting the world’s second-largest economy through disruptions to transportation, manufacturing and other businesses.
Politburo will focus on creating a positive climate in Asian markets, so expect China to pursue a more pro-coronary policy in terms of restrictions on coronavirus, housing market, and consumption boost, says SPI analyst Asset Management.
Shnghai Composite rose 0.4% while Hang Seng in Hong Kong rose 2%. Tokyo was closed due to a holiday for the “Golden Week” in Japan.
In Seoul, Kospi added 0.8%, while the Australian S & P / ASX closed with an increase of 0.83%. The stock market rose 1.10% in Taiwan, and in Singapore (1.18%).
Source: Capital
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