20 Feb 2015
Japan’s Nikkei hits 15-year high
FXStreet (Mumbai) - The Japanese benchmark equity index, Nikkei, hit fifteen-year high for the second consecutive session, as the weak Yen boosted the stock markets. The USD/JPY pair traded at 119.00 levels in early Asian trade.
Nikkei hits 15-year high
The index rose to a high of 18,360 levels, the highest since 2000 when Sony's groundbreaking PlayStation 2 hit the shelves, the Dot-com bubble was collapsing and Bill Clinton was the President of the US. The index had closed at a 15-year high in the previous session after the official data in Japan showed exports popped 17% year-on-year in January.
The index extended gains today to a new 15-year high of 18,360, however, concerns regarding Greece’s debt extension capped weighed on the index. Nikkei currently trades at 18,314.28; up 0.27%.
Shares in Japan Display jumped 8% on reports from local media that the company is planning to build a new factory plant in Japan to supply screen panels for Apple devices. Meanwhile, banks witnessed technical correction after Thursday’s rally. Shares in Mizuho and Sumitomo Mitsui Financial both fell 0.5% lower.
Nikkei hits 15-year high
The index rose to a high of 18,360 levels, the highest since 2000 when Sony's groundbreaking PlayStation 2 hit the shelves, the Dot-com bubble was collapsing and Bill Clinton was the President of the US. The index had closed at a 15-year high in the previous session after the official data in Japan showed exports popped 17% year-on-year in January.
The index extended gains today to a new 15-year high of 18,360, however, concerns regarding Greece’s debt extension capped weighed on the index. Nikkei currently trades at 18,314.28; up 0.27%.
Shares in Japan Display jumped 8% on reports from local media that the company is planning to build a new factory plant in Japan to supply screen panels for Apple devices. Meanwhile, banks witnessed technical correction after Thursday’s rally. Shares in Mizuho and Sumitomo Mitsui Financial both fell 0.5% lower.