The Asian stock market is bouncing back

Economy Nilgun Salim
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The Asian stock market registered a slight rise after two days of massive dropping. The change came after the S&P 500 US index reported a 1, 47% appreciation in the American market, which led a relief on the international financial market.

After Fed official Lael Brainard, stated the U.S. economy should manifest more signs of stability  so they could increase the appreciation of the dollar in comparison with other currencies. He recovered, although the sharp decline of stock indices have lost momentum or reported some slight increases.

Following his most recent speech, Brainard estimated that 15% of the investors want the Fed interest to be increased although judging after the predictions from Friday showed an extremely strong correction since Brexit.

In Asia, the Japanese 225 Nikkei index rose with 0,32%, while the South Korean stock exchange closed at 0,4%.

In China, the Shanghai index registered a 0,06% ascension and the Hong Kong index dropped with 0,11% , reporting a 3% depreciation.

In Europe, the Frankfurt stock market opened with a slight rise of 0,14%, while the French CAC 40 index showed a 0,06% appreciation and the London stock exchange dropped with 0,12%.

The Stoxx 50 index, that monitors the evolution of 50 biggest companies in Europe, rose by 0,03% in the first minutes.

According to Reuters, Wall Street surged on Monday after Brainard spoke, with the Dow Jones Industrial Average .DJI and the S&P 500 .SPX making their strongest gains since early July.

Chinese shares ended flat, with the upbeat figures seen making further economic stimulus unlikely.