Japanese shares rally after G20 meeting

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Source: Dukascopy Bank SA
Japanese stocks soared on Monday after Japan escaped a criticism by G20 of its aggressive monetary easing measures. The gains also came ahead of naming the BoJ new governor that is expected to happen this weekend. The Nikkei 225 Index jumped 2.09% to close at 11,407.87. All industries within the index rose. The top-performers were financial and technology shares. Among lenders, Aozora Bank, Bank of Yokohama and Fukuoka Financial Group climbed 3.45%, 4.98% and 4.30%, respectively. Technology companies also skyrocketed, with Sony Corp., Advantest Corp and Canon Inc moving higher 1.22%, 4.92% and 1.38%, respectively. Among other top performers were Dainippon Screen Manufacturing and Shinsei Bank, the biggest and the second-biggest gainers in Nikkei 225 Index. Health care firms also joined the rally. Shares of Chugai Pharmaceutical Co., Daiichi Sankyo Co. and Dainippon Sumitomo Pharma Co. jumped 2.16%, 1.44% and 2.04%, respectively.
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Mon, 18 Feb 2013 14:20:04 GMT

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