Asian Markets Mostly Higher; Nikkei Rallies
Asian stock markets were mostly higher Monday with the Nikkei rallying as the yen moved lower after a weekend meeting of G20 nations refrained from commenting on Japan’s recent policy measures that have weakened its currency.
The Nikkei gained 2%. The Shanghai Composite was down 0.3% while the Hang Seng slipped 0.4%. The Sensex edged up 0.3% and the S&P/ASX All Ordinaries rose 0.5%.
The yen was down to 94.08 versus the U.S. dollar by mid-day, above the 33-month low of 94.465 struck last week Monday.