Asian stocks rise ignoring political events

Asian stocks rose today approaching its highest closing in six years with markets ignoring political tensions and events both in Ukraine or the Israeli invasion of Gaza Strip, pushing the market to rise, with a focus on the economic data and the corporate earnings season.

After last weeks’ decline and the negative effect of shooting down the Malaysian passenger plane on the Ukrainian grounds, stock prices began moving based on corporate earnings results, after investors made sure that the current political events will not affect the levels of global growth and its impact on foreign markets is limited.

- The MSCI Asia Pacific Index rose 0.6% to 147.71 at 12:17 in Hong Kong.

- Nikkei 225 ended 0.84% higher at 15343.28.           

- Topix closed 0.79% higher at 1273.27.              

- Shanghai Composite closed 1.09% higher at 2076.88.

- Australia’s S&P/ASX 200 0.06% higher at 5543.30.

- New Zealand’s NZX 50 closed 0.14% higher at 5133.87.

- Kospi closed 0.52% higher at 2028.93.