Japanese shares rally on BoJ easing

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Japanese equities rallied on Wednesday after the Bank of Japan announced monetary easing to boost the national economy. The BoJ stated that it would expand the asset-purchasing and loan program by USD127.21 billion. The Nikkei 225 Index soared 1.19% to close at 9,232.21. All but one sectors within the index jumped. The top-performers were technology and consumer goods. Shares of Alps Electric, Canon and Hitachi surged 2.39%, 1.74% and 1.05%, respectively. Among consumer goods, Nikon Corp and Yamaha added 0.70% and 0.25%. Meanwhile, gains of real estate firms and basic materials producers remained capped by persistent Japan's tensions with China over Senkaku/Diaoyu islands. Daiwa House Industry and Mitsubishi Estate edged up by 0.54% and 0.67% while Asahi Kasei and Dowa Holdings advanced 0.72% and 0.91%.

 

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