Nikkei 225 closes higher by 0.06% at 20,418.81

Author: Justin Low | Category: News

Asian equities take heart in the calmer risk mood

Nikkei 16-08
Measured gains in Wall St overnight and the more steady risk sentiment today is helping to lift Asian equities, with the Nikkei holding a tad higher amid more solid gains seen in the Hang Seng index (+1.1%) and the Shanghai Composite index (+0.8%).

European equities are also slated to rebound firmly at the open later - also boosted by ECB stimulus talk overnight - so that is feeding into slight weakness in the franc.

Despite higher US futures and Treasury yields, the yen is little changed as USD/JPY holds at flat levels around 106.12 currently. That said, just be wary that we could see more of a reaction if the moves become more profound later in the day.

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