Stocks in the Asia-Pacific region finished in the green on Tuesday, following overnight gains in Wall Street as investors await for major central bank monetary policy decisions and a new round of corporate earnings. Also, news that US Trade Representative Lighthizer and Treasury Secretary Mnuchin would travel to Beijing next week for renewed trade negotiations with China lifted sentiment. The Nikkei 225 went up 204 points or 1% to 21,621; the Shanghai Composite index rose 12 points, or 0.4%, to 2,899; the Hang Seng increased 95 points, or 0.3%, to 28,466; the Kospi advanced 8 points, or 0.4%, to 2,101; and the S&P/ASX 200 gained 33 points, or 0.5%, to 6,725. Historically, the Japan NIKKEI 225 Stock Market Index reached an all time high of 38915.87 in December of 1989 and a record low of 85.25 in July of 1950.
The Japan NIKKEI 225 Stock Market Index is expected to trade at 20999.33 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 20190.85 in 12 months time.