Weak yen lifts Tokyo

Discussion in 'Wall St. News' started by ASusilovic, Mar 30, 2011.

  1. ASusilovic

    ASusilovic

    HONG KONG (MarketWatch) — Japanese stocks soared Wednesday on a weakened yen and news some firms will soon restart production at plants affected by the devastating earthquake and tsunami, while solid results from Hutchison Whampoa Ltd. and other corporations boosted Hong Kong shares.

    The yen was one of the few Asian currencies that fell against the U.S. dollar after Federal Reserve Bank of Dallas President Richard Fisher said in an interview with Fox Business news that he opposed adding more liquidity to the U.S. economy. But the Australian dollar briefly hit a post-float-record level against the greenback on improved risk appetite. Read about the Australian dollar.

    http://www.marketwatch.com/story/weak-yen-lifts-tokyo-results-drive-hong-kong-2011-03-30

    Weak YEN? Haven´t heard this for a long while... :cool:
     
    #1     Mar 30, 2011
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