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Japanese shares see third day of gains Japanese shares see third day of gains
(about 4 hours later)
Japanese shares see a third day of gains, leading a positive trend across the Asia Pacific region. Japanese shares rose for a third day in row, 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 the election win for Prime Minister Shinzo Abe's party over the weekend will lead to more stimulus measures.
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. Tokyo's Nikkei 225 index closed 0.8% higher at 16,231.43.
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. In China, Hong Kong's Hang Seng index rose 0.4% to 21,312.96 while the mainland Shanghai Composite edged 0.2% higher to 3,057.24.
Australia's benchmark ASX/200 index in Syndey rose 0.5% to 5,382.60 points. Australia's benchmark ASX/200 index in Sydney rose 0.7% to close at 5,388.50.
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, shares in commodity-related companies were among the best performers. Atlas Iron saw an 18% surge while Fortescue gained 6% and BHP Billiton was up just over 3%.
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 closed up 0.7% at 2,005.55.
In South Korea, the Kospi was up by 0.9% to 2,008.74 points.