The benchmark index of the Asian stocks got higher for the third week, reason behind being the rise of the Asian stocks and the increase in the U. S. retail sales and employment, which boosted the outlook for earnings at companies that tied to the global economic recovery.

According to the reports, Toyota Motor Corp., which is the world’s biggest carmaker by market value, was high by 1.3 percent in Tokyo, BHP Billiton Ltd., which is the world’s No. 1 mining company by market value rose 1.2 percent after oil prices gained on optimism fuel demand, U. S. Shinhan Financial Group Co. was down by 2.9 percent in Seoul post6 it was showcased in a term sheet that Korea Deposit Insurance Corp. is selling 2.9 million shares in the company.

Moreover, the MSCI Asia Pacific Index rose 0.6 percent to 138.16 as of 3:45 p. m. in Tokyo, which further drove the measure to attain a 1.9 percent gain this week, which is its third consecutive weekly advance.

“The global recovery is still on foot,” said Prasad Patkar, who helps manage about $1.7 billion at Platypus Asset Management. “There was a little concern about the U. S. a couple of months ago, but that seems to be working its way through. It looks like there’s a reasonably healthy demand outlook for Asian exporters.”