Japanese shares inched up on stimulus speculation

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Source: Dukascopy Bank SA
© Scanpix/Reuters
Japanese equities inched higher on Monday, moving higher for the sixth session in a row. Hopes that BoJ will announce stimulus measures at its meeting on October 30 lifted Japanese shares. Broadly softer Yen boosted exporters. However, sharp fall in US stocks on Friday amid weak quarterly results capped gains of Japan's shares. The Nikkei 225 Index eased higher by 0.09% to close at 9,010.71. Seven out of ten sectors within the index advanced. The top-gainers were technology firms and consumer services. Canon, Konica Minolta Holdings and Fujitsu gained 0.19%, 0.50% and 0.64%, respectively. Meanwhile, Sharp was the top-performer, rallying 7.38% on news that the company plans to increase the number of its plants. Financials also moved higher, with Bank of Yokohama and Chiba Bank climbing 0.27% and 0.43%. On the downside was Fanuc, slumping 2.48% after JP Morgan downgraded its share rating to ‘neutral' from ‘overweight'.
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Mon, 22 Oct 2012 13:11:37 GMT

Hong Kong stocks rose on hopes for easing from PBOC

Hong Kong shares posted mild gains on Monday on speculation that China's government will embark on easing measures to stimulate economy. However, negative news from the US and Europe weighted down on Hong Kong shares. Wall Street faced sharp losses on Friday as the largest companies reported weak quarterly results. At the same time, investors were disappointed by lack of

Mon, 22 Oct 2012 13:00:37 GMT

Won is undervalued by 15-20%

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