rhyker wrote an interesting post today on
Here’s a quick excerpt
Stock markets across the Asia-Pacific region closed higher after the Japanese market rebounded as the dollar gained against the yen.
The markets had started off on a weak note, tracking Wall Street’s decline Friday on heavy first-quarter losses reported by American International Group and record crude prices.
Australian market ended higher on news of merger talks between Westpac and St. George Bank.
Markets in Hong Kong and South Korea were closed for a public holiday.
Japan’s benchmark 225-issue Nikkei Stock Average advanced 88.02 points or 0.64% to settle at 13,743.36 and the broader Topix index of all First Section issues on the Tokyo Stock Exchange closed up 1.03 points or 0.08% at 1,342.79.
In late Tokyo deals, the dollar was trading in upper 103-yen levels. At 5:17pm local time, the dollar was quoted at 103.84-103.87 yen, up 0.76 yen from Friday’s 5:00pm quotes of 103.08-103.11.
On the economic front, the Bank of Japan said that the […]

Read the rest of this great post here