View the article online at http://citywire.co.uk/money/article/a659859
Bridgestone lifts most Asian shares
Japanese stocks fell slightly early today as the yen firmed after remarks by Japanese Finance Minister Taro Aso.
Most Asian shares gained on Tuesday in morning trade after Bridgestone Corp. surged on better-than-expected sales and profit forecasts while the yen’s gain weighed on Japanese exporters.
The MSCI Asia Pacific Index rose 0.2% to 134 at 9:53 a.m. in Tokyo. Japan’s Nikkei 225 Stock Average fell 0.2% after minutes of last month’s Bank of Japan meeting said the nation’s economy remains relatively weak.
The yen gained against the US dollar in early trading after Japanese Finance Minister Taro Aso said that country was not thinking about foreign bond purchases or changing the law governing the Bank of Japan.
South Korea’s Kospi Index added 0.1%. Australia’s S&P/ASX 200 Index gained 0.1% as minutes of the central bank’s meeting said there are indications that lower rates are starting to spur the economy. New Zealand’s NZX 50 Index rose 0.4%. Hong Kong’s Hang Seng Index was up 0.09%, while China’s Shanghai Composite Index fell 0.11%. Wall Street was closed for a holiday overnight.
Bridgestone jumped 7.8% in Tokyo, poised for the highest close since 2006.
Gree Inc., a Japanese social-network website operator, added 5% on a share-buyback plan.
Sony Corp., Japan’s No. 1 exporter of consumer electronics, lost 0.5% as the yen strengthened against all of its 16 major counterparts.
Sonic Healthcare Ltd. plunged 7.3% in Sydney after its first-half net income fell short of estimates.
News sponsored by:
From Brazil and Mexico, to Vietnam and Nigeria, the rapidly developing economies of Latin American and frontier markets, which are some of the smaller, less developed economies in the world, provides investors with a wealth of potential opportunities. Discover why BlackRock's investment trust range is well placed to help you make more of these exciting regions.
In this guide to investment trusts, produced in association with Aberdeen Asset Management, we spoke to many of the leading experts in the field to find out more.
More about this:
Tools from Citywire Money
From the Forums
Weekly email from The Lolly
Get simple, easy ways to make more from your money. Just enter your email address below
An error occured while subscribing your email. Please try again later.
Thank you for registering for your weekly newsletter from The Lolly.
Keep an eye out for us in your inbox, and please add email@example.com to your safe senders list so we don't get junked.
by Daniel Grote on Sep 23, 2016 at 17:01