Asian markets rise in post-Christmas trading

Shares in Japan, China and India posted strong gains on Boxing Day as stock exchanges in Europe remained closed and Wall Street is fixated on “fiscal cliff” developments.

Tokyo stocks staged yet another robust gain with the benchmark Nikkei closing at a nine-month high amid continuing expectations for policy steps to spur growth under a new Japanese administration.

The Nikkei Stock Average gained 1.5% to 10230.36, its highest close since March 27, on top of Christmas Day's 1.4% rise. The index closed at the highest level since March 27.

Trading volume was heavy at 2.8 billion shares in a sign that many participants, including domestic institutional investors, had returned to the market, traders said.

A weaker yen helped push up exporters, such as TDK and Toyota, while financial stocks rose amid expectations for lower borrowing costs under the Bank of Japan's new lending programme.

In China, the Shanghai Composite Index added 0.2% to 2219.13, its highest level since July. The index crossed into positive territory for the year on Christmas Day when it surged 2.5%.

In India, the Bombay Stock Exchange's 30-stock Sensitive Index closed at 19,417.46, up 162.37 points, or 0.8% – its highest percentage gain this month.

The index had declined 1.1% in the previous three sessions.

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NZ Market Snapshot

Forex

Sym Price Change
USD 0.7850 0.0000 0.00%
AUD 0.8924 0.0000 0.00%
EUR 0.6196 0.0000 0.00%
GBP 0.4880 0.0000 0.00%
HKD 6.0917 0.0000 0.00%
JPY 84.8970 0.0000 0.00%

Commods

Commodity Price Change Time
Gold Index 1231.3 -0.710 2014-10-24T00:
Oil Brent 86.1 -0.510 2014-10-24T00:
Oil Nymex 81.0 -1.020 2014-10-24T00:
Silver Index 17.1 0.024 2014-10-24T00:

Indices

Symbol Open High Last %
NZX 50 5292.8 5344.4 5341.7 -0.15%
NASDAQ 4459.5 4486.3 4452.8 0.69%
DAX 9008.6 9044.9 9047.3 -0.66%
DJI 16677.0 16811.7 16677.9 0.76%
FTSE 6419.1 6419.1 6419.1 -0.47%
HKSE 23311.9 23352.6 23333.2 -0.13%
NI225 15354.4 15377.0 15139.0 1.01%