Market Report – Japan Leads Asian Markets Higher

In today’s market report… Japan’s Nikkei was the region’s top performer, jumping to a near 2-week high, after the world’s No.1 camera maker Canon posted its best profit in seven quarters.

Canon shares rose by more than 5% to their highest point in five weeks, also aided by a mild weakening in the yen.

The rise by the Japanese benchmark was also the biggest one-day gain in two weeks, coming as the first wave of domestic and international corporate earnings had encouraged investors.

The Nikkei’s surge led the region, while Shanghai stocks rallied after China’s central bank ruled out big policy changes in the coming months.

Other Asian markets also rose, but the overall pace eased after recent multi-week highs.

Seoul shares edged up on financial stocks, but LG Electronics fell after quarterly profits dropped by a more-than-expected 90%, to $107 million.

Foto: NTDTV