Asian markets rise in post-Christmas trading

Shares in Japan, China and India posted strong gains on Boxing Day as stock exchanges in Europe remained closed and Wall Street is fixated on “fiscal cliff” developments.

Tokyo stocks staged yet another robust gain with the benchmark Nikkei closing at a nine-month high amid continuing expectations for policy steps to spur growth under a new Japanese administration.

The Nikkei Stock Average gained 1.5% to 10230.36, its highest close since March 27, on top of Christmas Day's 1.4% rise. The index closed at the highest level since March 27.

Trading volume was heavy at 2.8 billion shares in a sign that many participants, including domestic institutional investors, had returned to the market, traders said.

A weaker yen helped push up exporters, such as TDK and Toyota, while financial stocks rose amid expectations for lower borrowing costs under the Bank of Japan's new lending programme.

In China, the Shanghai Composite Index added 0.2% to 2219.13, its highest level since July. The index crossed into positive territory for the year on Christmas Day when it surged 2.5%.

In India, the Bombay Stock Exchange's 30-stock Sensitive Index closed at 19,417.46, up 162.37 points, or 0.8% – its highest percentage gain this month.

The index had declined 1.1% in the previous three sessions.


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NZ Market Snapshot

Forex

Sym Price Change
USD 0.7249 0.0004 0.06%
AUD 0.9616 -0.0007 -0.07%
EUR 0.6501 0.0007 0.11%
GBP 0.5516 -0.0017 -0.31%
HKD 5.6217 0.0033 0.06%
JPY 74.8700 0.3500 0.47%

Commods

Commodity Price Change Time
Gold Index 1307.9 -5.100 2016-08-31T00:
Oil Brent 46.9 -1.840 2016-08-31T00:
Oil Nymex 44.7 -1.630 2016-08-31T00:
Silver Index 18.6 0.040 2016-08-31T00:

Indices

Symbol Open High Last %
NZX 50 7405.6 7423.3 7398.8 0.33%
NASDAQ 5216.4 5219.9 5223.0 -0.19%
DAX 10627.2 10666.8 10657.6 -0.61%
DJI 18436.7 18439.7 18454.3 -0.29%
FTSE 6820.8 6832.9 6820.8 -0.58%
HKSE 22897.2 23130.0 22976.9 0.55%
NI225 16885.2 16941.2 16887.4 0.08%
ASX 5433.0 5433.0 5433.0 -0.29%