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Asian stock exchanges closed on green supported by the rising oil prices

Asian stock exchanges closed on green the Thursday trading session, following Wall Street’s upward trend supported mainly by rising oil prices.

The Japanese index Nikkei 225 added 0.39% to its value. The broader Topix index expanded by 0.27% mainly thanks to the mining and oil sub-index, which moved upward by 2.98% and 1.63%, respectively.

On the stock exchange in South Korea, the Kospi index advanced by 0.83% to 2,464.16 points.

In Hong Kong, the index Hang Seng rose by 0.85% to 30,796.97 points. In the mainland Shanghai Composite grew by 0.48% to 3,174.41 points. The shares of energy companies posted significant price increases. The Chinese oil company CNOOC Group reported a 3.54% growth in its stock price.

The Australian index S&P/ASX 200 closed by 0.17% increase to 6,118.70 points, with oil producers at the forefront of the market. The shares of Woodside Petroleum rose by more than 5%.

The Malaysian Stock Exchange was closed on Thursday and Friday due to parliamentary elections. The former country leader Mahathir Bin Mohamad, who until recently was in opposition, unexpectedly defeated the ruling coalition. Later in the day, the Central Bank of Malaysia is expected to announce its decision on the interest rate in the country, with expectations for preserving the current levels.

About Viliyana Filipova

Viliyana Filipova is 27 year-old girl from Varna, Bulgaria. She is founder and Chief Editor of Finance Apprise Journal, working also as analyzer on the world finance and commodity markets.

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