Japan equities surge to 10 1/2-month high, yen nears 8-month low
Tokyo
A KIND of euphoria or "irrational exuberance" (to borrow a phrase from former US Federal Reserve Board chairman Alan Greenspan) appears to have infected Japan's financial markets with the election of Donald Trump's as the next US president as Tokyo share prices continue to surge while the yen slides.
The Nikkei 225 stock average rose for a sixth consecutive trading day on Thursday, ending at a 10 1/2-month high of 18,333.41 while the Japanese currency continued tumbling to reach a near eight-month low as it approached 113 to the dollar.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Thailand to increase daily minimum wage to 400 baht in Oct
UK set for weak growth and highest inflation in G7, OECD says
German manufacturing downturn eases in April, PMI survey shows
India RBI's FX intervention eases as conditions turn favourable for rupee
Swiss inflation accelerates faster than expected in April
OECD upgrades global growth outlook as US outperforms