HONG KONG: Stocks plunged more than four per cent in Tokyo on Monday (Sept 30) after the yen surged in reaction to Shigeru Ishiba's election last week as the head of Japan's ruling party, which boosted expectations the Bank of Japan will continue hiking interest rates.
However, Hong Kong and Shanghai extended their surge as traders cheered more moves by Chinese authorities to revive the country's battered economy with more support measures for the crucial property sector.
