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Japanese shares see third day of gains | Japanese shares see third day of gains |
(about 3 hours later) | |
Japanese shares see a third day of gains, leading a positive trend across the Asia Pacific region. | Japanese shares see a third day of gains, leading a positive trend across the Asia Pacific region. |
Investors remain optimistic that Prime Minister Shinzo Abe's party's election win over the weekend will mean there will be more stimulus policies. | Investors remain optimistic that Prime Minister Shinzo Abe's party's election win over the weekend will mean there will be more stimulus policies. |
Mr Abe had described the vote as an endorsement of his reform policies and promised new government spending to help the economy. | Mr Abe had described the vote as an endorsement of his reform policies and promised new government spending to help the economy. |
Tokyo's Nikkei 225 index rose by 1.8% to 16,381.75 in morning trade. | |
In China, Hong Kong's Hang Seng was up by 0.6% to 21,359.54 while the mainland Shanghai Composite edged 0.4% higher to 3,062.84. | |
Australia's benchmark ASX/200 index in Syndey rose 0.5% to 5,382.60 points. | |
With the iron ore price seeing a strong rise overnight, commodity companies were among the best performers of the morning. | With the iron ore price seeing a strong rise overnight, commodity companies were among the best performers of the morning. |
Atlas Iron was up by 9% after an 18% surge on the open. Fortescue gained more than 4% while BHP Billiton was up just over 2%. | |
In South Korea, the Kospi was up by 0.9% to 2,008.74 points. |