You are here: Home » International » News » Markets
Business Standard

Japan shares, dollar up on hopes of US breakthrough

Nikkei advances 0.9% even though shares elsewhere in Asia lose ground

Reuters  |  Tokyo 

Japanese stocks rose to a one-week high and the dollar strengthened on Thursday as investors grew hopeful that US politicians will resolve in coming days the fiscal impasse that has sapped market confidence. Tokyo's Nikkei share average advanced 0.9% to its highest point since the middle of last week, although shares elsewhere in Asia lost ground. The US Standard & Poor's 500 E-mini futures added 0.5%, pointing to a firmer open on Wall Street. US Treasury futures eased 13 ticks. Financial bookmakers expected major European indexes to open up as much as ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, October 10 2013. 11:52 IST