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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.
The country's benchmark Nikkei 225 index was up by 2.2% to 16,435.14. Tokyo's Nikkei 225 index rose by 1.8% to 16,381.75 in morning trade.
In Australia, the ASX/200 rose 0.5% to 5,382.60 points. 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 jumped by more than 18% at the open while Fortescue was up by 3% and BHP Billiton gained just over 2%. 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% at 2,008.74 points. In South Korea, the Kospi was up by 0.9% to 2,008.74 points.