Nikkei

Asian stocks surged on Monday, led by Japan’s Nikkei, while the U.S. dollar hit a new seven-week high against the yen. This rally followed unexpectedly strong U.S. labor data, which alleviated fears of a recession and led to a sharp reduction in expectations for significant rate cuts by the Federal Reserve.

The Federal Reserve’s recent interest rate cut and its commitment to further easing continue to fuel optimism in global financial markets, positioning Asian stocks for a positive start to the week.  

Margin trading in Japan’s stock market experienced a significant decline last week as investors were forced to sell off stocks during the Nikkei index’s sharpest drop in nearly four decades.

Japanese stocks made a dramatic recovery in Tuesday’s morning trading session, bouncing back sharply from their biggest single-day decline since the 1987 Black Monday crash.  

Today News  Stock benchmarks in two of Asia’s largest economies have surged to historic highs, with Japan’s Nikkei 225 rising for a sixth consecutive day, reaching a new multidecade peak. This upward momentum is fueled by expectations that the Bank of Japan will maintain a super-loose monetary policy, potentially bolstering export earnings for Japanese companies.  […]