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Japan shares up despite gloomy survey

Monday, September 14, 2015 17:49
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This post was originally published on this siteJapan shares up despite gloomy manufacturing survey

  • 15 September 2015
  • From the section Business

Japanese sharesImage copyright
AFP


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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/

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