Monday, 18 May 2015

Asian Market Update

Nikkei gains 0.4 percent
Japan's benchmark Nikkei 225 index touched a three-week high early Tuesday, helped by a weaker yen hovering near the 120 handle against the greenback as the U.S. dollar recovered some lost ground on Monday after several weeks of selling.
Insurers were in focus after the Nikkei business daily reported that MS&AD Insurance Group Holdings and Tokio Marine are expected to see a 46 percent and 30 percent jump, respectively, in net profit for the year through March. The former shed 0.4 percent, while Tokio Marine added 0.6 percent.

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