The rally continued in Asian markets

Indexes in the Asian and Pacific region continued their upward movement today after a barometer of business confidence in Australia rose to its highest level in six years, while world markets have adopted the decisions of optimism with finance ministers from the Group of G-20 to tighten discipline in the financial sector. The regional index MSCI Asia Pacific, which monitors the securities markets in ten Asian countries plus Australia and New Zealand, reported a new high of this year. Stock measure added 0.8 percent to 115.10 points during today's session. Thus he turned to the highest level of closing on 4 September last year. Compared with its five-year bottom of 9 March MSCI Asia Pacific has increased its value by 63%. Tech companies have contributed to the greatest extent possible to increase the index today. Thus, market valuation of companies included in the MSCI Asia Pacific, has already exceeded 23.5 times their expected earnings, according to Bloomberg.
The best-known stock exchanges are now in Australia, China and Hong Kong. The main stock index in Sydney S & P / ASX 200 added 1.6 percent to 4523.8 points, after the indicator of business confidence in the country, calculated by the National Australian Bank, increased from 10 points in July to 18 points in August - the higher value than in October 2003. At the same time, Chinese Shanghai Composite rose by 1.7 percent to 2930.5 points, while Hong Kong's Hang Seng rose by 2.1% to 21 069.8 points. This was the fourth consecutive positive session for the Hang Seng and its highest closing level since mid-August. Financial companies led the indexes after the government in China, said that so far there is no limit bank lending. Japanese blue chip index advanced 0.7 percent to 10 393.2 points, despite news that bank lending continued to slow the pace of its growth and business confidence in the services sector and the balance on current account of the country is deteriorating.
The exchange in Taiwan Taiex index rose by 1.2 percent to 7314 points, while South Korean Kospi rose by 0.7 percent to 1619.7 points.