Wednesday, 18 November 2015

Nikkei jumps at open, Kospi up as ASX slides

Asian shares opened higher on Wednesday, with Japan's Nikkei 225 leading gains even as investors remain cautious over the latest global geopolitical developments in the wake of the Paris terror attacks.
 Local stocks got a lackluster lead from US markets.
Wall Street's Monday rally was short-lived, with the major averages giving up intraday gains that briefly took the S&P 500 into positive territory for the year and pushed the Dow Jones industrial average up more than 100 points on the back of solid earnings reports from Home Depot and Wal-Mart. 
The DJIA closed up 0.04 percent at 17,489.5 points, the S&P 500 down 0.13 percent at 2,050.44 and the Nasdaq up 0.03 percent at 4,986.02.
 Nikkei opens in positive territory 
Japan's Nikkei 225 opened nearly 1 percent higher on Wednesday, as investors keep an eye on the Bank of Japan's two-day meeting, which kicks off later in the day. 
The Japanese yen made marginal gains against the dollar, fetching 123.25. Shares of Softbank were up 1.14 percent after the bank announced plans to issue 370 billion yen (USD 2.97 billion) in straight bonds for retail investors in December.

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