News Formal

Japanese shares hit 1990 highs on strong earnings, offshore demand

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 15 sec. here
  • 19 min. at publisher
  • 📊 Quality Score:
  • News: 68%
  • Publisher: 66%

Finance News

Japanese Shares,1990 Highs,Strong Earnings

Japanese shares hit highs not seen since 1990 on Monday as strong earnings and offshore demand fuelled a three-week winning streak. Japan's Nikkei was back to steady after finally breaking its September peak, and is up 8.8 per cent for the month so far with the Topix not far behind. Financial shares led the gains on Monday as investors prepare for an eventual end to negative rates, while auto makers have been benefiting from a weak yen and high exports. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent, having climbed 2.8 per cent last week to a two-month high. The Black Friday sales will test the pulse of the consumer-driven U.S. economy this week, while the Thanksgiving holiday will make for thin markets.

Japanese shares hit highs not seen since 1990 on Monday as strong earnings and offshore demand fuelled a three-week winning streak. Japan's Nikkei was back to steady after finally breaking its September peak, and is up 8.8 per cent for the month so far with the Topix not far behind. Financial shares led the gains on Monday as investors prepare for an eventual end to negative rates, while auto makers have been benefiting from a weak yen and high exports.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent, having climbed 2.8 per cent last week to a two-month high. The Black Friday sales will test the pulse of the consumer-driven U.S. economy this week, while the Thanksgiving holiday will make for thin markets

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japanese shares hit 1990 highs on strong earnings, offshore demandJapanese shares climbed to highs not seen since 1990 on Monday as strong earnings and offshore demand fuelled a three-week winning streak, while other Asian markets were more mixed with eyes fixed on the U.S. rate outlook.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »