1st September 2014
Stock markets across Asia have broadly advanced today (September 1st), amid suggestions the European Central Bank will introduce further stimulus measures later this week.
The bank is fighting to prevent the eurozone sliding into deflation, with official figures published last week showing consumer prices across the region again slipped unexpectedly last month, falling to a five-year low.
While ECB president Mario Draghi is expected to hold off on launching a quantitative easing programme when policymakers meet on Thursday, speculation is mounting that some action will be taken.
This has helped to boost equities across Asia, even after manufacturing data out of China missed expectations. Both the official government purchasing managers' index and HSBC's private measure of the sector came in below the consensus estimates.
However, the Shanghai Composite gained 0.8 per cent and Hong Kong's Hang Seng ticked 0.04 per cent higher.
In Japan, the Nikkei 225 index ended the session up by 0.34 per cent at 15,476.60 points.
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