Asian markets traded higher on Monday with the yen’s continued weakness boosting shares in Tokyo, while a deal to ease sanctions on Iran pushed the price of oil lower.
Stocks remained buoyant in Asia, taking their lead from another record-breaking session on Wall Street on Friday, where the S&P 500 finished above 1,800 points for the first time.
Yen weakness continued to support Japanese stocks, with the Nikkei Average up 1.2%. The dollar added 1.1% last week against the yen, putting it up a total of 4% against its Japanese counterpart over the last four weeks.
In Japan, Fast Retailing Co. climbed 2.2% on news that the operator of the Uniqlo chain of shops is planning a secondary listing in Hong Kong in the first quarter of next year.
Advancers among tech companies included Sharp Corp. and Panasonic Corp., with their shares up 3.7% and 2.2%, respectively, while Hitachi Ltd. tacked on 1.5%.
Auto maker Mazda Motor Corp. picked up 0.9% and Mitsubishi Motors Corp. rose 0.8%.
Also higher were shares of Softbank Corp., bulking up 4.1%, extending a 2.3% rise on Friday after Third Point LLC head Daniel Loeb disclosed to a financial conference that his fund held a roughly $1 billion stake in the Japanese telecom.
In China, stocks were higher, with Hong Kong’s Hang Seng Index up 0.2%, and the Shanghai Composite up 0.3% in the mainland.
In Hong Kong, shares in China Petroleum & Chemical Corp. fell 2% after explosions at an oil pipeline owned by the firm in the eastern Chinese city of Qingdao killed 52 people.
Shares of Cnooc Ltd. lost 1.2% and PetroChina Co. fell 0.5%.
Australia’s S&P/ASX 200 rose 0.3%, and South Korea’s Kospi added 0.7%.
Among the gainers, globally exposed building-materials company James Hardie Industries SE added 1.6%, Woolworths Ltd. rose 1%, and Fortescue Metals Group Ltd. added 1.3%.
Weakness in gold prices helped drag Evolution Mining Ltd. down 3.1%, and St. Barbara Ltd. lower by 1.1%, while Newcrest Mining Ltd. traded flat.
Комментариев нет:
Отправить комментарий