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Nikkei hits 20,000 level for first time in 15 years | Nikkei hits 20,000 level for first time in 15 years |
(about 1 month later) | |
Investors focused on Japan on Friday as the country's benchmark Nikkei 225 index traded above 20,000 for the first time since April 2000. | Investors focused on Japan on Friday as the country's benchmark Nikkei 225 index traded above 20,000 for the first time since April 2000. |
The high was short-lived however with the index closing down 0.15% at 19,907.63 points after hitting 20,004.99 in early trade. | The high was short-lived however with the index closing down 0.15% at 19,907.63 points after hitting 20,004.99 in early trade. |
Shares were boosted by Wall Street ending higher after US energy stocks performed strongly. | Shares were boosted by Wall Street ending higher after US energy stocks performed strongly. |
The Nikkei was also boosted on Friday by Japan's Fast Retailing. | The Nikkei was also boosted on Friday by Japan's Fast Retailing. |
Shares in Asia's largest clothing retailer closed up more than 3.5% on Friday following its announcement a day earlier that it had raised its income forecast for the full year to August by 20%. | Shares in Asia's largest clothing retailer closed up more than 3.5% on Friday following its announcement a day earlier that it had raised its income forecast for the full year to August by 20%. |
Investors had also hoped for larger shareholder returns and a recovery in domestic consumption. | Investors had also hoped for larger shareholder returns and a recovery in domestic consumption. |
The Nikkei is up nearly 15% this year. | The Nikkei is up nearly 15% this year. |
China highs | |
Shares on mainland China reached a seven-year high on Friday as the Shanghai Composite benchmark index crossed the 4,000 mark for the first time since 2008. | Shares on mainland China reached a seven-year high on Friday as the Shanghai Composite benchmark index crossed the 4,000 mark for the first time since 2008. |
The index closed up 1.94% at 4,034.31. | The index closed up 1.94% at 4,034.31. |
China's consumer inflation rate remained at 1.4% in March. The lukewarm data may see China introduce further easing policies amid its slowing economy, analysts said. | China's consumer inflation rate remained at 1.4% in March. The lukewarm data may see China introduce further easing policies amid its slowing economy, analysts said. |
The country's producer price index showed that factory deflation continued with prices down 4.6%, although analysts had predicted a 4.8% fall. | The country's producer price index showed that factory deflation continued with prices down 4.6%, although analysts had predicted a 4.8% fall. |
In Hong Kong, the Hang Seng index continued its week-long rally. It closed up 1.22% at 27,272.39, also marking a seven-year high. | In Hong Kong, the Hang Seng index continued its week-long rally. It closed up 1.22% at 27,272.39, also marking a seven-year high. |
The chief executive of the Hong Kong Stock Exchange said it would "substantially increase" the quotas for the stock connect program between Hong Kong and Shanghai. | The chief executive of the Hong Kong Stock Exchange said it would "substantially increase" the quotas for the stock connect program between Hong Kong and Shanghai. |
His comments came after Chinese investors used up the entire 10.5bn yuan ($1.7bn; £1.1bn) daily quota for buying Hong Kong stocks through the trading link for the first time on Wednesday, sending turnover to a record. | His comments came after Chinese investors used up the entire 10.5bn yuan ($1.7bn; £1.1bn) daily quota for buying Hong Kong stocks through the trading link for the first time on Wednesday, sending turnover to a record. |
Australian shares were also higher through the day, closing in on a seven-year high. | Australian shares were also higher through the day, closing in on a seven-year high. |
The S&P/ASX 200 index ended the day up 0.6% at 5,968.4. | The S&P/ASX 200 index ended the day up 0.6% at 5,968.4. |
Shares of mining giant BHP Billiton weighed on the benchmark, closing down 0.15% on lower iron ore prices. | Shares of mining giant BHP Billiton weighed on the benchmark, closing down 0.15% on lower iron ore prices. |
In South Korea, the Kospi closed up 1.4% at 2,087.76 after ratings agency Moody's lifted its outlook on the country from stable to positive. | In South Korea, the Kospi closed up 1.4% at 2,087.76 after ratings agency Moody's lifted its outlook on the country from stable to positive. |
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