Asia stocks increased their gains into Wednesday, with most key markets closing higher, and with Japanese shares surging as the yen hit its lowermost levels versus the dollar and euro since 2011.
In Tokyo, the Nikkei Stock Average closed 1.5% up, increasing its 1.4% advance on Tuesday.Singapore’s Straits Times Index gained 0.5% in late trading, whereas the Shanghai Composite Index closed with a 0.3% gain following a choppy, range-bound session after its 2.5% advance the prior day.[article_detail_ad_1]
South Korea’s Kospi and Taiwan’s Taiex lagged the area, with both ending with little changed, whereas bourses in Hong Kong and Australia stayed shut for holiday, with both due to reopen Thursday.
The fragile yen, in turn, assisted fuel gains for exporter shares. Among the winners, Panasonic Corporation(TYO:6752)gained 2.8%, Fujitsu Limited(TYO:6702)added 4.1%, Advan test Corp(TYO:6857)increased 4.2%, and Mazda Motor Corporation(TYO:7261)moved up 3.3%.
Shares of Sony Corporation (TYO:6758)rose 4% as a Nikkei news report stated that the company’s Chinese sales had reverted to the levels seen before a territorial disagreement with China prompted protests and boycotts of Japanese goods there.
Hitachi, Limited (TYO:6501)advanced 2.1% later than its president informed the Nikkei business daily that the company may restructure its medical business.
Sharp Corporation(TYO:6753) more than undid its 7.5% drop in the preceding session to zoom 15.4% up Wednesday, with a separate Nikkei report stating the company had developed a technology to reprocess glass from used LCD panels.
On the weak side, shares of Mitsubishi Motors Corporation(TYO:7211)moved down 1.2%, increasing losses from its latest vehicle-recall worries.
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