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Saturday, 16 December 2017 | 22:48
Nazareth to Celebrate Christmas as Normal: Mayor Nazareth mayor denies the Christmas festivities would be
curtailed in protest at the U.S. decision to recognize
Jerusalem as Israel`s capital.
Saturday, 16 December 2017 | 22:20
25 Years Anniversary of Indonesia - Uzbekistan Relationship Indonesia has always been a good supporter of Uzbekistan in
international forums, the same portion with Uzbekistan.
Asian Shares Push Higher
People walk past an electronic stock indicator of a securities firm in Tokyo. Asian shares fell on Friday, September 18, after the Federal Reserve held off on raising interest rates, reviving concerns about weakness in both the U.S. and global economies. The Nikkei average fell nearly 2 percent and MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.2 percent. AP/Shizuo Kambayashi
Friday, 27 October, 2017 | 11:04 WIB
Asian Shares Push Higher

TEMPO.COTokyo - Shares in Asia posted strong gains early Friday, Oct. 27, tracking the upbeat session overnight on Wall Street. Japan's Nikkei 225 index jumped 1.0 percent to 21,957.44 as the U.S. dollar strengthened against the yen, boosting exporters' shares. Investors are watching for U.S. GDP data.

Gains for U.S. technology companies pushed South Korea's Kospi up 0.5 percent to 2,493.50 and Hong Kong's Hang Seng index surged 0.9 percent to 28,445.16. The Shanghai Composite index added 0.2 percent to 3,414.00 and Australia's S&P ASX 200 edged up less than 0.1 percent to 5,918.90. Shares in Taiwan and Southeast Asia also climbed.

A good day for technology companies and banks helped the market recover some losses from earlier in the week. However, drugmakers and distributors tumbled. The Standard & Poor's 500 index rose 0.1 percent to 2,560.40. The Dow Jones industrial average gained 0.3 percent to 23,400.86 while the Nasdaq composite lost 0.1 percent to 6,556.77. The Russell 2000 index of smaller-company stocks added 0.3 percent to 1,497.46.

Regional stock indexes jumped after the European Central Bank said Thursday it will begin gradually reducing bond purchases it's been making to strengthen the regional economy. Starting in January the bank plans to cut the size of its purchases in half, to 30 billion euros a month. Investors were relieved the bank isn't being more aggressive. "The market was a little bit fearful that the ECB was going to be more hawkish," said Scott Wren, senior global equity strategist for Wells Fargo Investment Institute. "That wasn't the case."

The consumer price index was steady, with core inflation excluding fresh food and energy costs at 0.2 percent in September. "With the tailwind from higher energy prices set to fade, we think that price gains will level off around 0.5 percent in coming months," said Marcel Thieliant of Capital Economics. That leaves little room for monetary tightening with the Bank of Japan due hold a policy meeting next week.

"Following Japan's inflation numbers, which came in line with expectations, there remains a series of data releases in the region including China's industrial profits and Singapore's unemployment rate. Nevertheless, the tier-1 data in the US markets, namely US Q3 GDP, would be the key item to watch," Jingyi Pan of IG said in a commentary.

The dollar rose to 114.21 yen from 114.00 yen. The euro fell to $1.1634 from $1.1654 as investors think interest rates in Europe will stay lower for longer than they had expected. The weaker euro helped shares of companies that export goods from Europe.

Benchmark U.S. crude added 2 cents to $52.66 a barrel in electronic trading on the New York Mercantile Exchange. It gained 46 cents to $52.64 a barrel on Thursday. Brent crude, used to price international oils, rose 6 cents to $59.10 a barrel.

AP



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