NTDTV
Market Report - JAL, Asia Higher
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In today’s market report… Japan Airlines rallied after news the government may guarantee about $7.8 billion in loans for the debt-stricken airline.
The benchmark Nikkei closed at a six-week high, also helped by the dollar’s surge against the yen on the back of better-than-expected U.S. jobs data.
The economic news boosted investor sentiment across Asia, raising hopes of greater demand for Asian products from exporters like Sony.
China’s Geely Automobile Holdings said it aims to sell a third more vehicles next year and continue to seek acquisitions, sending its stock to another record high.
Elsewhere is Asia, commodities-related stocks dipped, pushing the Australian benchmark to a one-week low, although most regional benchmarks advanced.
Gold extended losses, but oil rose on the view that U.S. demand would increase along with its economic recovery.
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