NTDTV
Market Report – Nikkei Over 10k
(NTDTV)
Japan’s Nikkei broke through the psychological 10,000 level. It was part of an Asian share push on the back of pre-earnings optimism.
Banks like Mitsubishi UFJ and exporters like carmaker Honda gained ahead of results this week.
The Japanese benchmark touched its highest in 9 months, with wireless player Softbank up on a newspaper report of a 20 percent jump in quarterly profit.
Elsewhere, Asian share indices edged upward, pushing MSCI gains to over 65 percent since a March low.
Hynix Semiconductor soared on hopes it will make a turn to the black along with a rebound in the global tech sector.
Korean retailers jumped on higher profits and the fourth straight rise in consumer sentiment to the highest level in nearly seven years.
Commodity-linked shares in Australia rose, while oil’s flirting again with $70 a barrel seen as hinting at global economic recovery.
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