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Asian major markets closed in the green zone

Most of Asian stocks closed higher as the Trump administration took steps towards tax cuts and Japan released positive macro-economic data.

 The ASX 200 climbed by 1.1 percent closing at 5,744.70. Bank stocks were the main advancers. National Australia Bank climbed by 0.92 percent; ANZ added 1.08 percent; Westpac and Commonwealth Bank went higher by 1.25 and 1.49 percent respectively.

 Hong Kong’s Hang Seng Index climbed up by 0.2 percent

 Japanese shares closed mixed although the Bank of Japan’s quarterly business Tankan Survey showed improvement in the business confidence of big Japanese manufacturers. The Nikkei rose 0.1 percent closing at 20,374.36 in early trading. The Topix slid by 0.05 ending the session at 1,673.96.

 Dollar was trading in a better position against Euro as investors were affected by the Catalan vote event

The dollar started the week on a positive note, pushed by higher U.S. yields. In addition, the euro came under pressure as investors monitored the aftermath of the independence vote in Spain’s Catalonia.

 The dollar index went higher by 0.3 percent against a basket of six major currencies and closed at 93.323. The Euro fell by 0.3 percent against the dollar and was trading at $1.1776

* The details mentioned above have been partially adopted from third party sources, including websites, and are displayed “AS-IS” Readers should take into account that all the data that appear in this review can change based on the dynamic of global markets. The information provided by the review ought not to be considered as advice or financial guidance nor can it relate to any investor’s personal requirements or investment goals. In addition, the data should not be conceived as any kind of recommendation to trade and / or carry out a transaction and / or deposit funds.