Nikkei hits 27-year high on strong dollar, Wall Street gains

Japan's Nikkei stock index rose as high as 24,286.10 points, reaching its highest levels since November 1991, on renewed optimism about the global economy and hopes of a boost to exporters' earnings from a weaker yen. It was last up 1.5 percent.

Japan's Nikkei hit a 27-year high on Friday, taking heart from a boost for the dollar after the Federal Reserve chairman said he did not expect a near-term recession, and strong gains on Wall Street overnight.

Shares elsewhere in Asia also rose, with MSCI's broadest index of Asia-Pacific shares outside Japan adding 0.1 percent. Shares in China were higher ahead of a week-long national holiday. Blue chips gained 1.1 percent and the country's main Shanghai Composite index was 0.9 percent higher.

Australian shares rose 0.4 percent, while Seoul's Kospi gave up ground, falling 0.3 percent after hitting three-month highs on Thursday.

The Dow Jones Industrial Average rose 0.21 percent to 26,439.93 on Thursday, the S&P 500 gained 0.28 percent to 2,914 and the Nasdaq Composite added 0.65 percent to 8,041.97.

S&P E-mini futures rose 0.1 percent on Friday to 2,923.5.

U.S. crude was 0.2 percent higher at $72.28 a barrel. Brent crude was mostly flat at $81.73 per barrel.

Gold was slightly higher after tumbling 1 percent on Thursday on strength in the U.S. dollar, which made bullion more expensive for buyers using other currencies.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 
Share:

No comments:

Post a Comment

Contact Form

Name

Email *

Message *

© 2018 CapitalBuilder.in All Rights Reserved |. Powered by Blogger.