28th November 2013
A weaker yen and strong close on Wall Street has helped boost the Nikkei 225 index to its strongest level since May today (November 28th).
US markets ended yesterday's session at record-peaks, following the release of generally positive economic data in the country.
Following this, the yen weakened against the dollar, which further boosted sentiment in Asian markets.
Japanese exports generally experience surges in their share prices on the back of a lower Japanese currency as this increases their repatriated earnings.
As a result, the Nikkei gained 1.8 per cent over the course of the session, closing at 15,727.12 points - its strongest level since December 2007. The index has now risen by almost 50 per cent for the year to date.
In Hong Kong, the Hang Seng climbed to a two-and-a-half year high after data showed China's industrial profits were 15 per cent higher in October, following a gain of 13.5 per cent in the previous month.
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