Nikkei Has Best 1 Day Jump in 7 Years

Japan’s Nikkei surged almost 8% on Wednesday in its biggest one-day jump since late 2008.

The benchmark index closed up 7.71% at 18,770.51 points. A day earlier, the index saw all the gains it had made this year wiped out.

Remarks by newly re-elected prime minister Abe suggesting company tax cuts were on the way helped the mood.

Also positive were Tuesday’s rebound for US shares and an improving Chinese share market.
Investor sentiment was up across the rest of Asia.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza