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23 May 2013
Nikkei index goes crazy, shy of the 16000 handle
FXstreet.com (Barcelona) - The Nikkei index is posting yet another 5.5-year high last at 15903, up +1.73% for the day, highest since early Dec 2007. The index adds almost a 5% gain this week alone, while mounts for almost +85% advance from Nov lows when anticipated elections were called in Japan. The move comes on the back of local bonds keep selling off, and continued Yen weakness.
The Hang-Seng index though is currently tanking to fresh session lows, down -1% for the day so far following US equity indexes that closed in the negative after posting yet another all time record highs. Apart from the Nikkei, all other major indexes in the region are in the big red, with Korean Kospi down -0.75%, Australian ASX -1.12%, and Shanghai-0.42%, few minutes away from key risk event for the session in the form of HSBC flash manufacturing PMI China at 01:45 GMT.
The Hang-Seng index though is currently tanking to fresh session lows, down -1% for the day so far following US equity indexes that closed in the negative after posting yet another all time record highs. Apart from the Nikkei, all other major indexes in the region are in the big red, with Korean Kospi down -0.75%, Australian ASX -1.12%, and Shanghai-0.42%, few minutes away from key risk event for the session in the form of HSBC flash manufacturing PMI China at 01:45 GMT.