Japanese equities jumped, Softbank led gains

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Source: Dukascopy Bank SA
© Scanpix/AP
Japanese equities advanced on Tuesday on weaker Yen and upbeat retail sales numbers from the US.  Moreover, mounting hopes that the POBC will launch more growth-boosting measures lifted equities. However, recent downward revision of Japanese industrial output continued to limit shares' rally. The Nikkei 225 Index surged 1.44% to end the session at 8,701.31. All but one sector within the index climbed. The best performer was utility sector, rallying 6.22%. Softbank led the gains of telecommunication companies. Softbank managed to convince investors that a purchase of 70% stake in Sprint Nextel for USD20 billion will not dilute the company's shares.  Kansai Electric Power and Tokyo Gas followed Softbank's suit, climbing 1.29% and 1.18%. At the same time, oil and gas firms inched down, with Inpex and JX Holdings retreating 0.10% and 1.35%. On the downside was also Kirin Holdings, dropping by 2.42% after the company cut its sales target for 2015 to USD29.20 billion.


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Tue, 16 Oct 2012 16:40:20 GMT

Hong Kong shares gained on hopes for easing

Hong Kong shares extended their gains on speculation the POBC may ease its policy amid lower inflation. Positive data from the US coupled with stronger US and Asian equities also sent China's stocks higher. The Hang Seng Index gained 0.28% to close at 21,207.07. Seven out of nine sectors included in the index advanced. The top-performers were oil and gas

Tue, 16 Oct 2012 15:45:21 GMT

US blue chips surged on Monday

The Dow Jones Industrial Average Index gained 0.72% to close at 13,424.23. Market sentiment was boosted by encouraging retail sales data and mounting hopes that China will embark on easing measures. However, on-going uncertainty whether Spain will apply for a bailout continued to weight down on the US blue chips. Eight out of nine sectors included in the jumped. The

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