Tokyo shares gain on weaker yen, easing hopes

Tokyo shares notched up another week of gains as a sliding yen and a bailout deal for Greece helped boost markets, while investors kept a close eye on the fiscal cliff budget impasse in Washington.

Shares of Japanese exporters won support as the yen weakened on speculation that the Bank of Japan will usher in further easing measures to boost the world's third-largest economy.

The easing hopes are largely tied to repeated comments from Japan's main opposition leader Shinzo Abe, widely tipped to become prime minister after next month's general election, who has called on the central bank to launch more aggressive policy measures.

For the week to November 30, the benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 0.85 percent, or 79.21 points, to 9,446.01.

The broader Topix index of all first-section issues added 0.65 percent, or 5.03 points, at 781.46.

The Tokyo market cheered a deal to unlock 43.7 billion euros ($56 billion) in loans for Athens and grant significant debt relief to help debt-riddled Greece get back on its feet.

Investor sentiment was also buoyed by optimism over the US economy, with talks on averting the fiscal cliff of tax hikes and spending cuts under way in Washington and a US estimate of third-quarter economic growth revised upward.

Next week, markets will likely keep a close eye on fresh US economic data and a possible policy moves by the European Central Bank.

"Stock prices are likely to hold steady next week," said Hiroichi Nishi, general manager of equities at SMBC Nikko Securities.

Nishi expects the Nikkei to move in a range between 9,300 and 9,600 next week.

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2498-0.0011-0.09%
    USDSGD=X
    1.7296+0.0014+0.08%
    EURSGD=X
    2.1034+0.0021+0.10%
    GBPSGD=X
    81.6413-0.0951-0.12%
    SGDJPY=X
    6.2047+0.0059+0.09%
    SGDHKD=X
    2.5903-0.0014-0.05%
    SGDMYR=X
    9,150.7725+7.7549+0.08%
    SGDIDR=X
    4.9774+0.0045+0.09%
    SGDCNY=X
    1.1717-0.0003-0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,302.00-1.50-0.12%
    GCM14.CMX
    19.57-0.06-0.33%
    SIK14.CMX
    90.83-1.04-1.14%
    ^XAU
    3.04+0.01+0.31%
    HGK14.CMX
    104.10+0.34+0.33%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65+0.04
    ^FVX
    2.64+0.01
    ^TNX
    3.45-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.116-0.001-0.85%
    B22.SI
    2.27+0.090+4.13%
    5ME.SI
    0.48+0.020+4.35%
    5GJ.SI
    0.1120.0000.00%
    A78.SI
    2.20+0.010+0.46%
    JS8.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.17+0.010+6.25%
    T16.SI
    0.138+0.006+4.55%
    5BM.SI
    0.235+0.010+4.44%
    5G9.SI
    0.235+0.010+4.44%
    5G1.SI
    0.48+0.020+4.35%
    5GJ.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.255-0.015-5.56%
    5AM.SI
    0.58-0.030-4.92%
    544.SI
    0.275-0.005-1.79%
    M1Z.SI
    1.28-0.015-1.16%
    TI6.SI
    1.925-0.030-1.53%
    F9D.SI