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

Hong Kong stocks slightly eased on Tuesday as investors sat on the sidelines after the stocks reached their highest level in more than one and a half year. The Hong Kong's Hang Seng index touched its 18-month during the session but closed 0.1% lower at 23,381.5 points. All but three sectors declined in the benchmark gauge. Technology, industrials, and financials

Tue, 15 Jan 2013 11:49:04 GMT

Dow rises on Monday

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