TOKYO (dpa-AFX) - The Japanese stock market is rising on Thursday despite the mixed lead overnight from Wall Street and expectations for a formal declaration by the Japanese government of a coronavirus
Union AMC has set sights on doubling its assets under management (AUM) to Rs 10,000 crore this calendar year, from about Rs 5,000 crore at the end of December last year. The fund house has more branches, workforce, and number of customers at its disposal thanks to the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India (UBI) last year. It has also shifted focus to driving the business through distributors, besides UBI. To that end, the company improved its share of non-associate distributors to about 11 per cent of average AUM in November 2020, from close to 3 per cent of the monthly average AUM two years ago. Close to 39 per cent of its average AUM as of November 2020 came from beyond the 30 biggest cities, against an industry average of 16 per cent.
[TOKYO] Japanese shares ended higher on Thursday, with the Nikkei touching a 30-year peak, powered by financials as US bond yields climbed on hopes of larger stimulus following a Democrat sweep in two Senate runoffs in Georgia. Read more at The Business Times.
By Reuters Staff
(Updates to close)
TOKYO, Jan 7 (Reuters) - Japanese shares ended higher on Thursday, with the Nikkei touching a 30-year peak, powered by financials as U.S. bond yields climbed on expectations of larger stimulus following a Democrat sweep in two Senate runoffs in Georgia.
The Nikkei average closed 1.60% higher at 27,490.13, hitting its highest level since August 1990 at one point during the session and snapping a four-day losing streak.
The broader Topix added 1.68% to 1,826.30, climbing above a peak hit late last year to reach its highest level since October 2018.
Investor appetite was not dented by the chaos in Washington D.C. after supporters of President Donald Trump stormed Capitol Hill, forcing Congress to suspend a session to certify President-elect Joe Biden’s victory.
By Reuters Staff
(updates with reaction to COVID-19 state of emergency)
TOKYO, Jan 7 (Reuters) - Japanese shares ended higher on Thursday, with the Nikkei touching a 30-year peak, powered by financials as U.S. bond yields climbed on hopes of larger stimulus following Democrat victories in two Senate runoffs in Georgia.
The Nikkei average closed up 1.60% at 27,490.13, hitting its highest level since August 1990 at one point during the session and snapping a four-day losing streak.
The broader Topix added 1.68% to 1,826.30, climbing above a peak hit late last year to reach its highest level since October 2018.
Investor appetite was not dented by the chaos in Washington D.C. after supporters of President Donald Trump stormed Capitol Hill, forcing Congress to suspend a session to certify President-elect Joe Biden’s victory.