SYDNEY: Asian share markets rallied on Friday as investors took comfort in the prospect of extended U.S. monetary stimulus, while a falling yen had Japanese stocks gunning for their biggest weekly increase in almost four years.
The Nikkei <.N225> jumped 1.8 percent early Friday to bring its gains for the week so far to a heady 7.5 percent, its best performance since December 2009. It also cracked major chart resistance around 15,000, which opened the way for a return to the May peak at 15,942.60.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!