Nikkei 225 index lifted by weaker Yen and Fed

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Source: Dukascopy Bank
Japan's Nikkei Stock Average made the biggest one-day advance in 5 months on Tuesday lifted by weaker Yen and Fed's Chairman announcement. Nikkei 225 index rallied 2.36% or 236.91 points and closed at 10,255.15. Sumitomo Metal Mining jumped 5.9% on news its gold mine in Alaska has discovered a gold deposit. Japanese leading exporters added to gains with Toyota Motors soaring 3.6% and Sony Corp advancing 3.1%. Honda Motor surged 3.5% on Nikkei report the auto manufacturer may build a new plant in Thailand. 

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Tue, 27 Mar 2012 12:39:42 GMT

Asian shares follow their American counterparts on Tuesday

Asian stock markets rallied on Tuesday lifted by Fed chairman Ben Bernake's signals the US central bank is likely to prolong its low- interest rate policy to support labour market. Japanese Nikkei Stock Average gained 2.4%, Hong Kong's Hang Seng index advanced 1.8% and South Korea's Kospi soared 1%. Australia's S&P/ASX 200 jumped 0.9% but Shanghai Composite index breached the

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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