CANBERA (dpa-AFX) - Asian stocks ended mostly lower on Tuesday as investors fretted about rising Treasury yields, the debt ceiling tussle in the United States and debt crises involving Chinese
[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.
Asian Shares Rise On Growth Optimism
CANBERA (dpa-AFX) - Asian stocks rose broadly on Thursday on hopes that a Democrat-controlled U.S. Senate will be a net positive for economic growth globally.
Chinese stocks extended gains for a sixth straight session after the country s central bank pledged to keep its monetary policy accommodative in 2021, focusing on supporting small firms as the economy recovers.
The benchmark Shanghai Composite index gained 25.33 points, or 0.71 percent, to finish at 3,576.20, while Hong Kong s Hang Seng index ended down 0.52 percent at 27,548.52.
Japanese shares hit a 30-year high as sharp rises in U.S. bond yields on expectations of additional U.S. stimulus spending boosted banks and insurers.