Friday,19 September,2014

Japan near 7-yr. high after Scotland vote
Japanese stocks rose on Friday to their highest closing level in nearly seven years, reacting positively to Scottish voters’ rejection of independence from the U.K., while the yen hit a fresh post-financial-crisis low against the dollar.

The Nikkei 225 in Tokyo rocketed 253.60 points, or 1.6%, to 16,321.17, the highest level since late 2007. The index capped the week with a solid 2.3% gain, rising for a third straight week.

Meanwhile, the yen lost more ground against the U.S. dollar, reaching ¥109.02, compared with ¥108.62 in late U.S. trading Thursday.

In Hong Kong, the Hang Seng Index regained 137.44 points, or 0.6%, to 24,306.16,

Scotland has decided to stay in the U.K., with 55% of voters rejecting independence in the referendum held Thursday, according to official results released Friday.

Among market movers, semiconductor firm Renesas Electronics Corp rose 3%, auto maker Mazda Motor Corp. climbed 2.7%, industrial-robot manufacturer Fanuc Corp. advanced 2.5%, camera maker Nikon Corp. and electronics giant Toshiba Corp. each added 1.4%, and camera maker Olympus Corp. tacked on 1%.

In other markets;

Shanghai’s CSI 300 index gained 16.55 points, or 0.7%, to 2,425.21

In Korea, the Kospi index recovered 6.08 points, or 0.3%, to 2,053.82

The Taiex index in Taiwan gained 3.42 points to 9,240.45

In Singapore, the Straits Times STI Index gathered 7.76 points, or 0.2%, to 3,305.05

In New Zealand, the NZX 50 picked up 27.16 points, or 0.5%, to 5,181.35

Australia’s S&P/ASX 200 prospered 17.23 points, or 0.3%, to 5,433.06


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