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The stock markets of the Asia-Pacific region exhibited growth in all directions on Tuesday. The major stock indexes are increasing their positions following their counterparts from overseas. Recall that the US indexes are also growing rapidly and breaking record after record. However, there are laggards in Asia: these include the Australian indicator, which remains in the negative zone for the time being.
The main positive wave, which significantly strengthens the confidence of market participants and makes them hope that the growth will be prolonged, comes from corporate reporting. Large companies are gradually publishing the results of their work for the past year and the beginning of this year. The best part is that most of the problematic issues were successfully overcome, and the indicators were higher than those predicted in advance by analysts and experts.
Also, stock markets are well supported by statistics on the increase in the number of new coronavirus infections. According to the latest data, the number of patients, albeit not so rapidly, is going downward, which is already pleasing to investors who are watching this indicator with particular passion.
Mass vaccination against COVID-19, which is gradually gaining momentum, is also important. This fact is also positive.
And finally, the expanded program of financial assistance in the United States of America, which is preparing for release soon, causes no less joy to market participants. The whole world literally looks forward to this long-awaited event.
Japan's Nikkei 225 Index rose 0.4%. An additional supporting factor here was the news that the country's government is considering the option of allocating a cash tranche to restore and maintain economic growth after the devastating impact of the coronavirus pandemic in most industries. The total amount of the financing package is to amount to 1.14 trillion yen, and it is planned to take it from the reserve funds.
China's Shanghai Composite Index rose 1.6% at once. The Hong Kong Hang Seng Index supported the positive trend and gained 0.3%.
South Korea's KOSPI index rose slightly by 0.03%, but the very fact of a positive change is already indicative.
The Australian S&P / ASX 200 index was the only one that showed negative dynamics which fell 0.9%.
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