Good News from the U.S. Making Menguat Index

Stock price index at a number of major Asian markets rose in late afternoon trading Friday, 6 November 2009, following the strengthening of Wall Street, New York on Thursday. Strengthening on Wall Street happened because of some positive data on economic conditions the United States (U.S.).

The main bourses close higher with the Nikkei 225 index climbed 0.7 percent to 9782 levels and the Hang Seng (Hong Kong) rose 1.7 percent to 21,841 level. Index Kospi (South Korea) rose 1.1 percent to 1569.50 level. Index in Australia, India, and Singapore close higher as well.

Asian stock indexes have been very sensitive to movement in the U.S., the strongest economies in the world and is a key partner for the Asian region. Trigger positive movement on Wall Street yesterday was a report from the U.S. government about the decreasing number of people who signed up for unemployment benefits last week. The decline reached its lowest level since January.

In addition, the signal of increased retail sales also help reduce the fears of investors would condition U.S. consumer purchasing power.

"That means the economy really getting better, better than people think," said Jackson Wong, vice president of Tanrich Securities in Hong Kong. "If the U.S. condition good, then everyone will be fine," he said. Investors are now waiting for the U.S. unemployment report which will be announced this Friday.

Analysts estimate the U.S. unemployment rate last month climbed to 9.9 percent. Although technically the U.S. economy began to rise in the third quarter of this year after declining for a year, the unemployment rate increases.

Unemployment data was the main focus for a major impact on the national sentiment. Consumers seem to lose its purchasing power is no longer growing unemployment. This means that export demand from Asia and other regions to the U.S. will be lower