Japan stocks soar as yen hits 1-year low

japan-stocks-soar-as-yen-hits-1-year-low
Japan stocks soar as yen hits 1-year low

Japanese stocks surged on Monday, driven by the weakening yen and the avoidance of a government shutdown in the U.S. However, other equity markets in the region had mixed performances, with Australia’s oil and resource shares being negatively impacted by the decline in crude prices. Trading was also affected by market holidays in Hong Kong and mainland China. The Nikkei 225 share average rebounded by 1.6% after reaching its lowest point in over a month. U.S. stock futures also rose, indicating a recovery from the previous week’s drop. The last-minute funding bill in the U.S. allowed the government to continue operating, easing uncertainty in the markets. Nevertheless, market volatility is expected to remain high as investors await key data releases. The Bank of Japan’s Tankan survey also contributed to the positive sentiment in Japanese stocks, showing an improvement in business sentiment. Meanwhile, the yen reached its lowest level since October 21 against the dollar, which benefits Japanese companies with overseas earnings. In other parts of the region, South Korea’s Kospi rose slightly, while Australia’s benchmark stock index edged down. Australian investors were cautious ahead of the Reserve Bank’s policy decision and New Zealand’s central bank policy decision. Despite signs of stabilization in China’s economy, Antipodean equities declined. Crude oil prices recovered slightly due to positive news from the U.S. and China, improving the demand outlook. Brent crude futures rose, while U.S. West Texas Intermediate crude futures also gained.

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Hi, I'm Alex Perez, an experienced writer with a focus on lifestyle and culture news. From food and fashion to travel and entertainment, I love exploring the latest trends and sharing my insights with readers. I also have a strong interest in world news and business, and enjoy covering breaking stories and events.

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