Asian markets in green; Nikkei up 1.7% as the yen weakens

Asian markets in green; Nikkei up 1.7% as the yen weakens

Wednesday, January 04, 2017
Asian Market 1
Japanese shares up more than 1 percent on Wednesday morning as the yen weakened against a stronger dollar, and after a private survey suggested the manufacturing sector might be recovering.

The Nikkei 225 leaped up 1.73 percent while the Topix bounced up 1.83 percent, likely due to expectations of a weaker yen after the greenback hit a 14-year high overnight against a basket of currencies.

South Korea’s Kospi was nearly flat, up 0.02 percent, after South Korea’s finance minister said the economy’s recovery momentum will likely slow this year, and its time for fiscal policy to play a more active role to boost growth, Reuters reported.

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