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Japanese shares see third day of gains | Japanese shares see third day of gains |
(about 4 hours later) | |
Japanese shares rose for a third day in row, leading a positive trend across the Asia Pacific region. | |
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 closed 0.8% higher at 16,231.43. | |
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 Sydney rose 0.7% to close at 5,388.50. | |
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%. | |
In South Korea, the Kospi closed up 0.7% at 2,005.55. | |