Tuesday, 19 May 2015

Asian Market Update

Nikkei rises 0.8 percent
Japan's benchmark Nikkei 225 cheered the encouraging GDP print by climbing to a nearly four-week high of 20,176. The Tokyo bourse hurled itself over the 20,000 mark on Tuesday for the first time in nearly three weeks.
Gainers were led by financials and consumer-related plays. Food company Nisshin Group topped the leaderboard with a rise of 5.05 percent, while cosmetics brand Shiseido surged 4.9 percent.Major banks such as Sumitomo Mitsui Financial Group and Resona Holdings rose 2.6 and 1.8 percent, respectively, while Nomura Holdings charged up 1.7 percent.

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