Shares in Japan rise after holiday
6 May 2016
- From the section Business
Japanese markets kicked off Friday’s trading session on a positive note as a weaker yen gives a boost to stocks of exporting companies.
The benchmark Nikkei 225 index rose 0.4% at the open to 16,212.67. The market is back online after a three-day national holiday,
Shares in Japanese car manufacturers Nissan and Honda were both up in early trading.
But markets in Australia, opened lower, dragged down by banking stocks.
The benchmark S&P ASX 200 share index edged lower by 0.9% (-47.30 points) to 5,231.80.
Shares in financial firms Westpac, ANZ Bank and National Australia Bank were all down, as investors took profits on their recent gains.
But Macquarie Group shares were up by 0.72%. The Australian lender posted a record annual net profit of A$2.06bn ($1.54bn; £1.06bn) for the year to the end of March.
Macquarie said the earnings growth was driven by its wealth management and retail banking operations.
Markets in South Korea have shut for a long weekend from Thursday, and trading there will resume on Monday.
Source: BBC Business