Asian Stocks close: most stocks closed higher, following gains on Wall Street

Market news

22 October 2014

Asian Stocks close: most stocks closed higher, following gains on Wall Street

Most Asian stock indices closed higher, following gains on Wall Street. Markets were supported by speculation the European Central Bank may add new stimulus measures. Reuters reported yesterday that the ECB considering to start buying corporate bonds. The central bank could discuss the possibility of corporate bond buying program at its December meeting.

Japan's adjusted trade deficit widened to ¥1,070.14 billion in September from a deficit of ¥912.40 billion in August. August's figure was revised up from a deficit of ¥924.40 billion. Analysts had expected a deficit of ¥910.0 billion.

Indexes on the close:

Nikkei 225 15,195.77 +391.49 +2.64%

Hang Seng 23,403.97 +315.39 +1.37%

Shanghai Composite 2,326.55 -13.10 -0.56%

European stock markets mid session: stocks traded little changed, markets still supported by speculation for additional stimulus measures by the European Central Bank

GBPUSD dropped after the Bank of England’s minutes of the monetary policy committee meeting

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