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9 Sep 2015
Nikkei drives Asian markets through the roof
FXStreet (Mumbai) - A strong lead from the Wall Street overnight as well as a positive closing of the Chinese stocks helped the Asian indices to have a solid start and subsequently extended gains further with the Nikkei emerging the biggest gainer.
Nikkei skyrockets on weaker yen
Asian traders cheer a renewed wave of optimism witnessed in the markets on Wednesday as waning China concerns helped to restore confidence. The Japanese benchmark, the Nikkei 225 shot higher as the exports stocks flew on a weakest yen versus the US dollar in almost a week on improving appetite for riskier assets.
Meanwhile, USD/JPY now trades at 120.36, recording a 0.46% gain on the day while Japan’s benchmark index, the Nikkei rallies 5.67% to fresh weekly highs above 18,400 points.
Stocks on the Chinese indices also followed the upbeat tone in the Asian markets with the Shanghai Composite gaining over 2% at 3,241 points while the Hong Kong's benchmark Hang Seng index is up 2.83% at 21,857.
Among other Asian indices, the benchmark Australian S&P/ASX 200 index is up 1.76% at 5,204 with resource stocks and financials charging ahead as risk sentiment returned to markets overnight. While Korea's benchmark Kospi index also rebounds higher by 2.28% T 1,921 points in Seoul.
Nikkei skyrockets on weaker yen
Asian traders cheer a renewed wave of optimism witnessed in the markets on Wednesday as waning China concerns helped to restore confidence. The Japanese benchmark, the Nikkei 225 shot higher as the exports stocks flew on a weakest yen versus the US dollar in almost a week on improving appetite for riskier assets.
Meanwhile, USD/JPY now trades at 120.36, recording a 0.46% gain on the day while Japan’s benchmark index, the Nikkei rallies 5.67% to fresh weekly highs above 18,400 points.
Stocks on the Chinese indices also followed the upbeat tone in the Asian markets with the Shanghai Composite gaining over 2% at 3,241 points while the Hong Kong's benchmark Hang Seng index is up 2.83% at 21,857.
Among other Asian indices, the benchmark Australian S&P/ASX 200 index is up 1.76% at 5,204 with resource stocks and financials charging ahead as risk sentiment returned to markets overnight. While Korea's benchmark Kospi index also rebounds higher by 2.28% T 1,921 points in Seoul.