HONG KONG (MarketWatch) — Japanese stocks soared Friday in a post-holiday catch-up rally that was aided again by a weaker yen, while most other Asian markets fell on concerns U.S. central bankers were considering an end to their bond-buying program.
The Nikkei Stock Average (TYO:JP:100000018) jumped 2.8% to 10,688.11, ending at a level not seen since early March of 2011. The rally came as trading began in Tokyo for the first time in this calendar year, and after U.S. lawmakers signed an agreement to avert the worst of the fiscal cliff.
The Nikkei Stock Average (TYO:JP:100000018) jumped 2.8% to 10,688.11, ending at a level not seen since early March of 2011. The rally came as trading began in Tokyo for the first time in this calendar year, and after U.S. lawmakers signed an agreement to avert the worst of the fiscal cliff.
