Japanese shares soared on weaker Yen

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Source: Dukascopy Bank SA
Japanese equities continued their rally on Wednesday on upbeat US data and easing concerns over indebted eurozone. Weaker Yen also supported Japanese stock index, pushing exporters higher. The Yen depreciated to one-month low against the US Dollar. Moreover, worries over poor corporate earnings eased after US counterparts started to report strong results in Q3. The Nikkei 225 Index surged 1.21% to close at 8,806.55. All sectors within the index surged. The top-gainers were telecommunications and consumer services. KDDI Corp and Softbank advanced 1.01% and 5.63% while Dai Nippon Printing and Secom rose 2.87% and 0.63%. Mitsubishi gained 0.51% after Nikkei daily reported that it would buy a 20% stake in Star Energy, Indonesian utility company. Yahoo Japan surged 4.56% as investors hoped that the new service introduced on Tuesday will increase number of customers.


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Wed, 17 Oct 2012 16:30:25 GMT

Hong Kong stocks moved higher ahead of China's GDP data

Hong Kong equities jumped for the fifth day in a row on Wednesday ahead of the key China's data releases due later in the day. Mounting hopes that the POBC may consider stimulus measures in view of slowing economy pushed Hong Kong blue chips higher. Positive data from the US and Europe also lifted Hong Kong equities. The Hang Seng

Wed, 17 Oct 2012 15:31:24 GMT

US blue chips advanced amid hopes for better Q3 results

US blue chips soared on Tuesday on encouraging news from the US and Europe. US factory production rose more expected last month while German investors' sentiment improved in October. Sending the US blue chips index higher, earnings of Dow companies beat expectations in Q3. The Dow Jones Industrial Average Index advanced 0.95% to close at 13,551.78. Eight out of nine

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