Japanese shares jump on easing speculation

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AP
Japanese equities soared on Thursday after upbeat PMI data from China. Moreover, on-going speculation that opposition party that is expected to win next-month election will put pressure on the BoJ to ease its monetary policy continued to lend support for the Japanese shares. Meanwhile, the Yen reached a seven and a half month low, sending Japan's equities even higher. The Nikkei 225 Index soared 1.56% to close at 9,366.80. Eight out of ten sectors within the index surged. The top-performers were technology and basic materials sectors. Canon and Citizen Holdings gained 3.26% and 4.15%, following a rebound in technology shares in the US. Among basic materials, Denki Kagaku Kogyo and Kobe Steel jumped 0.36% and 1.35%. Financial stocks also joined the rally. Aozora Bank and Mitsubishi UFJ Financial Group rose 1.2% and 1.35%.


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