Asian shares benefit from possible monetary easing

With investors' growing hopes that Europe and the U.S. may loosen monetary policies to combat with the progressing economic concerns, the Asian market benefitted with a boost during Thursday trade. The Asian shares that advanced were Japan's Nikkei Stock Average with a 1 per cent jump, Kospi – 2.7 per cent, Hong Kong's Hang Seng Index – 1.4 per cent, and the Shanghai Composite index – 0.2 percent. The jump was facilitated by the U.S. shares impressive increase after the ECB gave signs of a potential rate decrease as well as the anticipation that the Federal Reserve may implement additional quantitative easing.