Tuesday,02 September,2014

Japan at 7-mo. high

Japan stocks climbed on Tuesday to its highest closing level in seven months, with a softer yen helping boost export-related shares.

The Nikkei 225 in Tokyo hiked 192 points, or 1.2%, to 15,668.60. Meanwhile, the yen declined against the U.S. dollar, trading at ¥104.854 from ¥104.354 a day ago.

The Hang Seng Index in Hong Kong faded 3.07 points to 24,749.02.

Exporters posted substantial gains, as camera maker Olympus Corp. advanced 3%, console maker Nintendo Co., Ltd. rose 2.9%, IT-services provider Fujitsu Ltd. added 2.8%, electronics giant Hitachi, Ltd. improved by 2.3%, and PC manufacturer NEC Corp. tacked on 2.2%.

In other markets;

The Shanghai CSI 300 index gained 31.14 points, or 1.3%, to 2,386.46

In Singapore, the Straits Times STI Index prospered 14.17 points, or 0.4%, to 3,328.30

In Taiwan, the Taiex Index slid 113.34 points, or 1.2%, to 8,339.72

In Korea, the Kospi index stepped back 16.28 to 0.8%, to 2,051.58

In New Zealand, the NZX 50 moved up 6.37 points, or 0.1%, to 5,221.77

Australia’s S&P/ASX 200 strengthened 28.68 points, or 0.5%, to 5,658.51


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