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Japan shares up despite gloomy survey
This post was originally published on this siteJapan shares up despite gloomy manufacturing survey
-
15 September 2015
- From the section Business
Image copyright
AFP
Japanese shares were higher in mixed trade in Asia on Tuesday
Japanese shares opened higher on Tuesday despite a key survey showing that manufacturers’ confidence fell the most in a year this month.
The Reuters Tankan – which closely tracks the Bank of Japan’s quarterly Tankan survey – showed slumping corporate morale after China’s stock market sell-off in August.
Investors were also awaiting the outcome of the central bank’s two-day policy review later on Tuesday.
The Nikkei index was up 0.7% to 18,085.
Japan’s central bank is widely expected to maintain its stimulus programme in the world’s third-largest economy, but calls are growing for more measures to boost growth.
Australian shares headed lower as investors turned cautious after the country was set to appoint a new prime minister on Tuesday.
A Liberal Party vote resulted in Malcolm Turnbull ousting Tony Abbott to take the top job, ending months of policy turmoil in Canberra.
The S&P/ASX 200 index was down 0.3% to 5,081.30 points in early trade.
In South Korea, the benchmark Kospi index was up 0.1% to 1,933.51.
The post Japan shares up despite gloomy survey appeared first on Middle East Post.
Source: http://middleastpost.com/japan-shares-up-despite-gloomy-survey/
