14 Nov 2013
Nikkei surges above 2% in sympathy with Wall Street
FXstreet.com (Barcelona) - Asian equities are surging on the back of dovish comments by nominated Fed Chairwoman Janet Yellen, who hinted at QE for longer after saying the economy must improve before Fed lessens stimulus.
The Shanghai is up +11.03 (+0.53%), the Nikkei 225 is the out-performer with very strong gains, +376.54 (+2.58%), while the Hang Seng Index tracks the Nikkei, although way behind with gains of 196.61 points or 0.88%.
As Matt Bacon-Hall from FX Beat notes: "The corrective pattern on the daily Nikkei chart has broken to the upside, as stocks globally received a shot in the arm from Dovish Fed comments."
The Shanghai is up +11.03 (+0.53%), the Nikkei 225 is the out-performer with very strong gains, +376.54 (+2.58%), while the Hang Seng Index tracks the Nikkei, although way behind with gains of 196.61 points or 0.88%.
As Matt Bacon-Hall from FX Beat notes: "The corrective pattern on the daily Nikkei chart has broken to the upside, as stocks globally received a shot in the arm from Dovish Fed comments."