This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-34183580
The article has changed 4 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Japan's shares surge more than 3% in early trade | Japan's shares surge more than 3% in early trade |
(34 minutes later) | |
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. | 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. | Investor sentiment was up across Asia after markets in China and the US finished in positive territory. |
Tuesday's weak economic data from China has also raised hopes of more stimulus for that economy and its markets. | 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 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. | 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. | |
'Sea of green' | 'Sea of green' |
Chris Weston from IG Markets said it would be a good news day for markets and that there was a "sea of green on screen in risk associated assets". | Chris Weston from IG Markets said it would be a good news day for markets and that there was a "sea of green on screen in risk associated assets". |
"This pick-up in sentiment once again started from a nice move higher in S&P futures during Asia, helped on by some really bullish flow in the Chinese markets," he said in a note. | "This pick-up in sentiment once again started from a nice move higher in S&P futures during Asia, helped on by some really bullish flow in the Chinese markets," he said in a note. |
"Specifically, the H-shares (Chinese dual-listed companies trading in Hong Kong) had its best day [on Tuesday] in months," he added. | "Specifically, the H-shares (Chinese dual-listed companies trading in Hong Kong) had its best day [on Tuesday] in months," he added. |
"In the Chinese mainland, there has been some focus on headlines on a 50% reduction in personal income tax dividends for larger shareholders, with the idea being to move the market away from short-term and focus on the longer-term." | "In the Chinese mainland, there has been some focus on headlines on a 50% reduction in personal income tax dividends for larger shareholders, with the idea being to move the market away from short-term and focus on the longer-term." |