"Yen's 1-Year Low Propels Japan Stocks to Soaring Heights"

1 min read
Source: Reuters
"Yen's 1-Year Low Propels Japan Stocks to Soaring Heights"
Photo: Reuters
TL;DR Summary

Japanese stocks surged as the yen hit its lowest point in nearly a year and the U.S. avoided a government shutdown. The exporter-heavy Nikkei 225 share average rose 1.6%, rebounding from its lowest close in over a month. However, other equity markets in the region were mixed, with Australia's oil and resource shares affected by declining crude prices. The Bank of Japan's quarterly Tankan survey also contributed to the positive sentiment in Japanese stocks. The yen's slide to a one-year low against the dollar boosted corporate earnings for Japanese companies.

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