Japan’s shares surge 3% in early trade
09 Septembar 2015, Nirapad News: Japan’s Nikkei surged by more than 3% on opening on Wednesday after the index saw all the gains made this year wiped out on Tuesday.
The benchmark was up 4.56% at 18,221.28 points in mid morning trade after finishing the day down 2.43%.
Investor sentiment was up across Asia after markets in China and the US finished in positive territory, reports BBC.
Tuesday’s weak economic data from China has also raised hopes of more stimulus for that economy and its markets.
On mainland China, the Shanghai Composite was up 0.56% at 3,190.35 points – after finishing the day up 2.9% – while Hong Kong’s Hang Seng benchmark was up 2.05% at 21,696.51.
In Australia, the S&P/ASX 200 was up 1.09% at 5,170.90 points, taking its lead from US markets.
Analysts said resource and commodity stocks would also likely continue to buoy the Australian index on Wednesday.
South Korea’s Kospi benchmark index was also in positive territory in early trade, up 1.78% at 1,912.14 points. Official data released on Tuesday showed the country’s latest unemployment figures for August sitting at their lowest since January this year.