Japanese stocks rallied to a six-year closing high on Tuesday, after cruising past 16,000 for the first time since 2007.
The benchmark Nikkei 225 index closed up 18 points or 0.12% at 15,889 after earlier breaching 16,000 for first time in six years.
The broader Topix fell 4 points at 1,257 while the Hang Seng added 257 points or 1.13% at 23,179 as concern about a cash crunch in China eased. Markets in Hong Kong closed early on Tuesday for the Christmas holiday.
Stocks on the move included industrial robot maker Fanuc, up 1.8% while telecommunications giant KDDI bulked up 3.1%. Camera maker Canon advanced 1% helped by a resilient dollar.
In currency news, the yen eased slightly against the dollar on Tuesday and was last seen trading at around ¥104.20.
Otherwise investors were keeping a close eye on China's benchmark money market rate in the wake of a spike in the interest rate markets. The recent surge, to levels not seen since June, underlined the difficulties faced by China's central bank in managing the financial system.
The People's Bank of China boosted funds for the first time in three weeks, although jitters remain about a cash crunch.
Hong Kong listed telecom companies moved ahead on news of fee reductions by regulators. China Unicom climbed 1.8%, China Mobile firmed 0.5% while China Telecom rose 1.7%.
Source: LiveCharts
The benchmark Nikkei 225 index closed up 18 points or 0.12% at 15,889 after earlier breaching 16,000 for first time in six years.
The broader Topix fell 4 points at 1,257 while the Hang Seng added 257 points or 1.13% at 23,179 as concern about a cash crunch in China eased. Markets in Hong Kong closed early on Tuesday for the Christmas holiday.
Stocks on the move included industrial robot maker Fanuc, up 1.8% while telecommunications giant KDDI bulked up 3.1%. Camera maker Canon advanced 1% helped by a resilient dollar.
In currency news, the yen eased slightly against the dollar on Tuesday and was last seen trading at around ¥104.20.
Otherwise investors were keeping a close eye on China's benchmark money market rate in the wake of a spike in the interest rate markets. The recent surge, to levels not seen since June, underlined the difficulties faced by China's central bank in managing the financial system.
The People's Bank of China boosted funds for the first time in three weeks, although jitters remain about a cash crunch.
Hong Kong listed telecom companies moved ahead on news of fee reductions by regulators. China Unicom climbed 1.8%, China Mobile firmed 0.5% while China Telecom rose 1.7%.
Source: LiveCharts
| LAST | CHANGE | % CHG | ||
|---|---|---|---|---|
| Get index data by Email | ||||
| Japan: Nikkei 225 | 15889.33 | 18.91 | 0.12% | |
| Hang Seng | 23179.55 | 257.99 | 1.13% | |
| Shanghai Composite | 2092.91 | 3.20 | 0.15% | |
| S&P BSE Sensex | 21032.71 | -68.32 | -0.32% | |
| Australia: S&P/ASX | 5327.20 | 35.30 | 0.67% | |
| Source: | wsj | |||
| 7 | ||||
