Nikkei hits 9-month high on earnings, mergers |
Reuters - Feb 16, 2011 |
Japan's Nikkei stock average rose for a fourth session on Thursday to a 9-1/2-month high as solid earnings and global merger activity encouraged foreign investors to keep snapping up outperforming Japanese shares.
Foreign investors began buying lagging Japan stocks late last year, and this year Nikkei has gained some 6 percent, making it the best-performing Asian market so far in 2011.
Asian stocks outside Japan are down around 2 percent on the year to date, largely due to inflation worries and anticipated further interest rate hikes in countries like China.
Read Full Article from Reuters
- Posted: 2011-02-16 21:47:46
More Stock Investor Place Top Stories |
|
|
|
Stock Investor Place Top Stories Archive |
|
|