Japanese Nikkei peaks at its 32-month high

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Source: Dukascopy Bank SA
Japanese stocks advanced on Tuesday, sending the Nikkei 225 Stock Average to its 32-month high as Masaki Shirakawa, the Governor of Bank of Japan, said the central bank will keep pursuing powerful monetary easing. This happened after the Prime Minister Shinzo Abe said a bold policy leader should replace Shirakawa.The Nikkei 225 rallied 0.7% to 10,879.08, the highest level since April 30, 2010. All sectors in the gauge edged higher with health care and utilities shares surging 2.21% and 1.95%, the most in the index. Olympus jumped 7.7% to 1,937 yen after Goldman upgraded its stock rating from neutral to buy. Furthermore, JTEKT Corporation that manufactures bearings for motor vehicles and electronic equipment advanced 6.15% to 932 yen, adding to gains in the consumer goods sector added 0.93%. Among worst performers was SKY Perfect JSAT Holdings, Japan-based holding company engaged in broadcasting business, that declined 3.73%, capping gains in the consumer services stocks that were only 0.94% up.


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Tue, 15 Jan 2013 15:00:19 GMT

Hong Kong shares stay flat after touching their highest level since 2011

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Tue, 15 Jan 2013 11:49:04 GMT

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