Japanese shares advance on mounting hopes for more monetary stimulus

Source: Dukascopy Bank SA
Japanese stocks jumped on Monday, sending the Nikkei 225 Stock Average to close at its four year high, as the Yen depreciated after the Prime Minister Shinzo Abe named a candidate for BOJ's governor position that is more likely to be in favour of more monetary stimulus. The Nikkei 225 Stock Average rallied 2.4% to 11,662.52, the highest level since September 2008. All sectors edged higher. Kawasaki Kisen Kaisha rose 12%, the biggest gain in the index, after A.P. Moeller-Maersk A/S said the global container demand might increase. Showa Shell Sekiyu KK followed with a 9% advance to pace gains in the best performing oil and gas sector that was 5.1% higher. Basic materials were 2.9% higher, supported by an increase in the shares of JFE Holdings Inc. that climbed 8.6%. Meanwhile, Sharp Corporation paired biggest decline in the index n speculation the talks with Taiwanese Foxconn Technology Group are unlikely to end with an agreement. Furthermore, Unitika Ltd., a manufacturer and vendor of synthetic fibers and textile products, erased as much as 1.9% to 51 yen.
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Mon, 25 Feb 2013 16:34:04 GMT

Hong Kong shares rebound from their 2013 low

Hong Kong equities advanced on Monday, rebounding from their Friday's 2013 low, as city government announced more stimulus to cool the market and strong results of HSMC Holdings offset the local developers' weakness. The Hang Seng index rose 0.2% to 22,280.1. All but two groups edged higher. The property sector of Hong Kong shrank after the city government introduced higher

Mon, 25 Feb 2013 16:23:40 GMT

Gold appreciates for the third day on Central Bank purchases

Spot price of gold was higher by 0.6% to $1.590.89 an ounce in the morning of London trading session on Monday. Prices slipped by 1.8% last week and reached $1,555.55 on 21 February. Today gold increases for the third day, as data indicated that central banks in Russia and Kazakhstan extended their bullion stocks last month.

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