Japan’s Nikkei stock average climbed 2.1 per cent on Tuesday, posting its biggest one-day gain in a month, as markets took comfort from China’s GDP data and on expectations that the European Central Bank will unveil stimulus measures.

The benchmark Nikkei rose to 17,366.30 points, its highest level in two weeks, led by gains in financials and China-related stocks.

China posted fourth-quarter economic growth of 7.3 per cent year-on-year, slightly better than expectations.

In the currency market, the dollar traded lower at 118 against the yen, generally attractive levels for exporters, after China reported its economy had not slowed as much as many investors had feared.

The broader Topix advanced 1.8 per cent to 1,397.63 and the JPX-Nikkei Index 400 added 1.9 per cent to 12,705.71.

Rules of Discussion on Nikkei Futures

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.
Loading comments …