12th November 2013
The Nikkei 225 index has advanced to its strongest level two weeks today (November 12th), with sentiment boosted as the yen extended its decline against the US dollar.
Posting its largest single-session gain in two months, the Tokyo benchmark-index closed 2.23 per cent higher at 14,68.68 points.
The weaker Japanese currency makes the country's exports more attractive, causing automakers Mazda and Honda to advance by 1.9 per cent and 1.65 per cent respectively.
In Hong Kong, the Hang Seng declined by 0.55 per cent as investors awaited the outcome of the four-day meeting of officials from China's Communist Party, with an announcement due after the close of trading.
Australia's ASX/200 index was little-changed amid increasing speculation the US Federal Reserve will look to begin scaling back its asset purchases at its December policy meeting. The US central bank's quantitative easing programme has been seen as the main driver of growth in global equities over the course of 2013.
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