25th November 2013
The majority of Asian stock markets have climbed today (November 25th), with investor sentiment boosted after it was announced over the weekend that Iran has come to an agreement with western powers regarding its nuclear programme.
Following discussions with the US, Britain, Germany, France, Russia and China, the country has consented to limit advancements in its development of nuclear technology. In exchange, economic sanctions against Tehran are to be eased.
Buoyed by the announcement, Hong Kong's Hang Seng added 0.2 per cent, while Australia's ASX/200 index closed 0.32 per cent higher.
In Tokyo, the Nikkei 225 soared to its highest level since May as the yen weakened against the dollar in forex trading markets. This came amid increasing speculation the Bank of Japan will increase its monetary stimulus next year.
The country's blue-chip shares closed up by 1.54 per cent at 15,619.13 points - just nine points below the five-and-a-half year closing high set on May 22nd.
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