Monday 30 December 2013

ASIA: WEAKER YEN PUSHES NIKKEI HIGHER

Asian markets were mixed this morning, with Japanese stocks striding ahead on the back of a weakened yen, which dropped to a five-year low against the greenback. 

The Nikkei climbed 0.69% to settle at 22,516 after the dollar traded hands at ¥105.28, compared to ¥104.74 the previous day. 

The currency was also pushed lower on a positive global outlook, ensuring the Nikkei ended the year on a high note. 
Stocks in Hong Kong also put it decent gains, lifted by positive data in the US last week, with the Hang Seng driven higher by property firms. 

Source: LiveCharts

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