Amidst optimistic US housing sales and market expectations that central banks shall be accommodating policies and reforms to stimulate economic growth, the Asian stocks or the index has headed for the highest closing level since June 2008. With individual Asian corporations gaining up to 4 percent, the regional benchmark, MSCI Asia Pacific Index has added 0.7 percent to touch the index of 141.49 lately. The rise has led to the highest monthly gain, by 4.4 percent this month, making this the highest monthly gain since June.

In line with current global liquidity, realized as results of multiple monetary stimuli throughout the world, especially in core global economies like the US and Japan, the Asian market is strongly expected to see bulls in the days ahead, at least for next 6 to 12 months, opine the market analysts.

With Japan, strictly focused to overcome the decade long deflation and take the economy to a 2 percent inflation level by the end of 2015 and the US and China, sitting on stand-by mode to support the economic growth, the surging monetary expansion ought to undoubtedly take the Asian index and overall economy towards the north.

The effects of economy reforms, policies, market conditions, business and consumer sentiments and overall global market conditions, at this point of time, have been jointly fostering the Asian economy, as a result of which the Asian giant corporations have been going pretty well in terms of earnings, retention and more importantly, dividends. All these variables have been creating a synergy effect in the Asian stock market, eventually taking the market towards brighter horizons.

Beyond the tremendous economic support, availed via the ongoing global economic regimes, the Asian economy has been also expecting a lot from the dynamics of American and European economies. Despite the US now starting to exhibit optimistic outlook, consequently giving a sigh of hope to Asian economy, the troubled and depressed Euro zone has been constantly affecting the Asian health with the prolonged economic austerity and depression. Irrespective of the US and Euro zone and their economies, however, the Asian economy, for the time being, at least for next 6 to 12 months, could be expected to gain upward momentum.