Japanese shares rally on weakening Yen

Source: Dukascopy Bank SA
Japanese equities advanced, sending the Nikkei 225 Stock Average to its highest level since 2008 on speculation Masaaki Shirakawa, the governor of BOJ, announced he will step down earlier than scheduled. The Nikkei 225 advanced 3.8% to 11,463.75, its highest level in more than four years. All ten groups in the benchmark jumped at least 2%. All ten groups in the benchmark gauge rose at least 2% with consumer goods posting the biggest gain of 4.2%. Among best performers was Toyo Seikan Kaisha Ltd jumped 17%, the most in the index, after the packaging products maker raised its profit forecast by 60%. Furthermore, Mitsui Engineering & Shipbuilding followed with a 12% increase, while Mitsubishi Heavy Industries rose 10.4% to 533 yen, the highest level since September 2008 after the maker of heavy equipment announced it aims at turning a profit on Boeing's Dreamliner production. Meanwhile, among worst performers was Mitsubishi Motors Corporation with its shares tumbling 2.5% to 115 yen to cap further gains in the consumer goods group, while Toyobo lost 2.2%.
Back to articles

Actual Topics

Wed, 06 Feb 2013 14:32:11 GMT

Hong Kong blue chips rebound on Wednesday

Hong Kong stocks rebounded from their losses yesterday on strength in China Mobile shares. The Hang Seng index rose 0.5% to 23,256.9 points after falling as much as 2.3% on Tuesday. All but one group in the benchmark index surged at least 0.2%. AIA Group Ltd, a provider of financial and insurance services, rallied 2.7%, the most in the

Wed, 06 Feb 2013 13:17:15 GMT

Wheat slumps as US stocks may be higher than forecast

Rural commodities tumbled on Tuesday on weak demand for riskier assets amid political instability in the single currency union. Moreover, speculation that weather conditions in the US and Argentina may improve weighted on the grains. Ample global supplies also put pressure on farm commodities. Wheat sagged 0.72% on speculation that US inventories may be higher than predicted. US wheat stockpiles are

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.