Taipei Times
Date: Jul 17, 2016
By: Bloomberg

Asian markets headed for their biggest weekly advance in three months as data suggested China’s economy is responding to government support.

Taiwan became the latest regional bourse to enter a bull market. The TAIEX rose 0.94 percent to 8,949.85, up from 8,640.91 on Thursday last week and closing more than 20 percent above its low in August last year, as global investors pumped cash into equities, drawn by upbeat earnings and high company dividends. Taiwanese markets were closed on Friday last week due to Typhoon Nepertak.

Thailand, India and Indonesia have also recently entered bull markets.
The MSCI Asia Pacific Index rose for a fifth day, adding 0.4 percent to 133.84 as of 4pm in Hong Kong. That took its weekly gain to 4.4 percent, the most since April 15.     [FULL  STORY]