Nikkei reaches its highest level in 4 years

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Source: Dukascopy Bank SA
Nikkei jumped on Friday and touched its highest level since Lehman Brothers' collapse in 2008 on positive economic outlook for China's growth and news of Japan planning an aggressive monetary policy, as Haruhiko Kuroda, the nominee for BOJ governor's position, pledged to do what it takes to end the falling prices. The Nikkei 225 index climbed 2.6% to 12,283.62 points. 189 out of 225 companies grew during the Tokyo Stock Exchange trading session on Friday. The leading sectors were consumer services and financials adding 6.2% and 3.7%, respectively. Sekisui House Ltd stepped up by 15% after announcing the 28% net growth in profit in fiscal-year ending January 2014. Tokuyama Corp, the chemicals maker, gained 10.3% after its equity rating was raised. Fast Retailing Co Ltd followed with a 9.8% increase in the price of share. Utilities was the only sector declining. The shares of Nippon Paper Group Inc extended their losses for a fourth consecutive day, as it retreated 2.1% today. Chiyoda Corp and Tokyo Electric Power Co Inc followed with a 1.9% slump and 1.4% drop, respectively.


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Fri, 08 Mar 2013 14:00:04 GMT

Hang Seng posts weekly gains

Hang Seng advanced on Friday on positive economic data from China and Japan. The index climbed 1.4%, or 320.51 points, to close at 23.091.95. All but one sector posted at least 0.9% rally, as 43 out of 50 blue chip companies composing the benchmark index edged higher. The best performing sectors were basic materials and consumer goods. Want Want China

Fri, 08 Mar 2013 13:38:04 GMT

Dow hits another record

Dow Jones rose on Thursday and reached its highest level since 1896 when it was founded as the number of people who filed for unemployment benefits declined to a six-week low, indicating a recovery of the labour market. The sectors posting the biggest gains were industrials and financials by jumping 0.7% and 0.5%, respectively. The index surged 0.2%,or 33.25 points,

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