The Traderszone Network

Published in TZ Latest News 19 February, 2015 by The TZ Newswire Staff

Japan stocks extend rally, upbeat data supports dollar

Japan’s Nikkei climbed to a fresh 15-year high and was last up 0.3 percent. “Now the market is relieved again on hopes for an earlier U.S. rate hike,” said Nobuhiko Kuramochi, a strategist at Mizuho Securities, noting that a stronger U.S. economy is beneficial for Japan. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3 percent, with many of the regions’ markets closed for the Lunar New Year holiday, including China, Malaysia, Singapore, Taiwan and South Korea.

read more