• MTS Futures News_PM_20160405

    5 Apr 2016 | SET News


Japanese stocks tumbled to a seven-week low on Tuesday as the yen's rising strength against the dollar cast a shadow over corporate earnings that have come to rely on yen weakness to supercharge export revenue.

The Nikkei share average tumbled 2.4 percent to 15,732.82, its lowest close since Feb. 12.

The U.S. dollar lost 0.5 percent against the yen during Asia trade on Tuesday, putting downward pressure on the share prices of Japanese exporters.

Chinese stocks rose on Tuesday to their highest in nearly three months, as a series of government measures and improving economic data revived investor appetite for riskier assets, but thin volumes indicated that confidence remained fragile.

The blue chip CSI300 index rose 1.3 percent, to 3,264.49, while the Shanghai Composite Index gained 1.4 percent, to 3,053.07 points. Both indexes closed at their highest since Jan. 8.


Reference: Reuters

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