Nikkei, Shanghai Comp hit new highs on US lead

by · March 23, 2015

Nikkei jumps 0.9%

Japan’s Nikkei 225 index touched a fresh 15-year high as a strong finish on Wall Street offset the impact of a rangebound yen.

Sharp surged 3.4 percent, boosted by news that Taiwan’s Hon Hai Precision Industry is considering joining efforts to help rescue it. Among other exporter plays, Suzuki Motor and Nintendo leaped 4.1 and 3.2 percent each, while blue-chip Toyota Motor rose 1.6 percent.

Read MoreData this week to show ‘patchy’ growth in Japan

Mainland indices up

China’s Shanghai Composite charged up 1.6 percent to its highest level since May 2008, seemingly set to chalk up a 9-day winning streak.

Real estate developers were among the biggest contributors to Monday’s rally, with China Merchants Property advancing 5.3 percent. Gemdale, Poly Real Estate and China Vanke climbed nearly 3 percent each.

Infrastructure plays also rallied, with China Railway Group up by the daily maximum limit on news that Beijing will soon release details of the “Belt and Road” initiative seeking to link China to Europe.

Hong Kong’s key Hang Seng index edged up 0.6 percent as corporate earnings remain in play. Asia’s largest refiner Sinopec lost 2.4 percent after posting its first quarterly loss since going public.

You may also like...

  • Nikkei Futures Opening Update as on 15 April. 2020

    15 Apr, 2020

    The Nikkei 225 Future is trading at 19,373.00 with a loss of -1.21% percent or -237.00 point.The  Nifty Future is trading at 9,112.00 up with +0.93% percent or +83.80 point. The Hang Seng Future is trading at 24,060.50 with a loss of –0.72% percent or -347.50 point. TODAY’S...

  • Nikkei Futures Opening Update as on 03 Feb. 2020

    3 Feb, 2020

    The Nikkei 225 Future is trading at 22,923.00 up with +0.98% percent or +223.00 point.The  Nifty Future is trading at 11,666.80 up with +0.30%percent or +34.75 point. The Hang Seng Future is trading at 26,282.00 up with +1.44% percent or +374.00 point. TODAY’S FACTORS AND EVENTS The biggest gainers...

  • Nikkei Futures Opening Update as on 17 Feb. 2020

    17 Feb, 2020

    The Nikkei 225 Future is trading at 23,543.00 up with +0.06% percent or +13.00  point.The  Nifty Future is trading at 12,080.20 with a loss of -0.40% percent or -48.85 point. The Hang Seng Future is trading at 27,885.50 up with +1.08% percent or +298.50 point. TODAY’S FACTORS AND...

Rules of Discussion on Nikkei, Shanghai Comp hit new highs on US lead

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 …