Asian shares closed up on surprisingly strong US economic growth figures

On Friday Asian stock closed up with the support of unexpected strong US economic growth figures along with Japan pull through in excess of two percent ahead of the declaration of an economic stimulus package.

Wall Street perks up on Thursday caused by data viewing stronger than expected second quarter US economic growth of 3.3 percent after which Japanese bourse went up 2.39 percent.

To deal with the greatest inflation in a decade and the alarming threat of a slump Japanese government announced an economic incentive package worth more than 100 billion dollars on Friday.

On the other place because of the investors view point that elevated inflation could start to draw back, lessening the pressure for higher interest rates India rose almost 3.7 percent. Indian economic growth speed slowed to 7.9 percent in the three months to June as official figures showed Friday.

Malaysian stressed government revealed a populist 2009 budget resulting nearly 3 percent jump in country’s market. Beside this over the first half of 2008 Malaysian economy had grown by 6.7 percent. Hong Kong and Australia both closed 1.4 percent higher on Friday.

Nikkei-225 index which is Tokyo Stock Exchange’s yardstick rose 304.62 points to 13,072.87.