Tokyo: The Sensex jumped 462.45 points to 79,864.74 in early trade on Monday. The Nifty climbed 112.1 points to 24,292.90.
World Stock Markets: Asian shares rise
Asian shares appreciated today as Japanese currency yen declined in the midst of political uncertainty. The currency dipped after Japan’s ruling party Liberal Democratic Party its majority in Parliament’s lower house in weekend elections.
The US dollar rose to 153.76 Japanese yen from 152.24 yen. Notably, the weakening of yen came as a boon for giant exporters like Toyota Motor Corp., which saw its stock increasing 3.7 per cent in Tokyo trading. Nintendo Co. gained 2.6 per cent, while Sony Corp. rose nearly 2.0 per cent.
Japan’s Nikkei 225 increased 1.6 per cent in morning trading to 38,527.52.
Australia’s S and P/ASX 200 appreciated nearly 0.1 per cent to 8,217.80.
South Korea’s Kospi went up 0.6 per cent to 2,598.73.
Hong Kong’s Hang Seng gained 0.1 per cent to 20,614.74.
Shanghai Composite increased 0.3 per cent to 3,310.63.
On Wall Street, The S and P 500 closed with marginal dip after trading in positive territory on Friday. The Dow Jones Industrial Average declined 0.6 per cent while Nasdaq composite rose 0.6 per cent.
