Barefoot Investor: Mostly stocks of Asia Pacific Up

Based on the Asia Pacific Markets stock index this Friday. I can "smell" a positive aroma that it's gonna be a good signal for next coming week.

Unsure about what will be the DJIA performance this late night, but then after seeing all the positive sentiment from the index. I believe the investors are now coming back to trade in the market.

Just like, the Nikkei share average climbed to a fresh seven-week high and clung to its 200-day moving average, though low trading volume suggested limited investor appetite.

Mitsubishi UFJ Financial Group rose 2.1 percent after the Nikkei business daily reported that the bank raised its stake in Morgan Stanley [MS 23.18 0.17 (+0.74%)] to 22.4 percent by converting its preferred shares into common stock.

The Bank of Japan's tankan survey of corporate sentiment had a limited impact on the market, but investors were relieved that a recovery is expected in the coming quarter.

Seoul shares rose on improving sentiment and substantial foreign buying, with firm gains in technology stocks like Samsung Electronics helping the market.

Automakers rose firmly after posting strong June sales figures. Shares in Kia Motors ended up 2.4 percent after the company said its sales last month jumped nearly 22 percent from a year before period.

Shares in Hyundai Motor rose 1.5 percent after the company said its June sales rose 12.3 percent year-on-year.

Crude oil refiners also rallied after South Korea's second-largest refiner GS Caltex said late on Thursday it would gradually increase prices of gasoline and diesel after a three-month price cut expires in early July. (CNBC Asia)


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