Japanese shares up as the new BOJ governor nominated

Source: Dukascopy Bank SA
Japanese equities advanced, with the Nikkei 225 Stock Average snapping its longest monthly gaining streak since 2006 after Haruhio Kuroda, the President of Asian Development Bank, was nominated by Shinzo Abe to be the new governor of BOJ. The Nikkei 225 Index surged 2.7% to 11,559.36. The gauge has rallied 3.8% this month. All groups in the index edged higher. The biggest gainer on the gauge was Tokyo Tatemono, a developer, that jumped 8.4% to 517 yen, adding to the 3.7% rally in financial shares. Furthermore, GS Yuasa Corp., a lithium-ion battery supplier to Boeing, added 7.5% to 402 yen to support industrial group that was 2.4% higher, as Boeing's executive vice president said the company will not abandon the lithium-ion batteries used in Dreamliner planes and denied any odds with the supplier. Mitsubishi Logistics, operating in the storage/warehousing industry rose 7.1% to 1,507 yen and contributed to a 2.4% advance in industrials. On the downside, Tokuyama Corporation that tumbled 2.1% and capped further gains in basic materials that were 2.1% up.
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