Market Report – Nikkei Over 10k

Japan’s Nikkei broke through the psychological 10,000 level. It was part of an Asian share push on the back of pre-earnings optimism.

Banks like Mitsubishi UFJ and exporters like carmaker Honda gained ahead of results this week.

The Japanese benchmark touched its highest in 9 months, with wireless player Softbank up on a newspaper report of a 20 percent jump in quarterly profit.

Elsewhere, Asian share indices edged upward, pushing MSCI gains to over 65 percent since a March low.

Hynix Semiconductor soared on hopes it will make a turn to the black along with a rebound in the global tech sector.

Korean retailers jumped on higher profits and the fourth straight rise in consumer sentiment to the highest level in nearly seven years.

Commodity-linked shares in Australia rose, while oil’s flirting again with $70 a barrel seen as hinting at global economic recovery.

(NTDTV)