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Asian shares got off to a slow start on Monday in what will be a holiday-shortened week and with market valuations looking a little stretched given they have already priced in aggressive global policy...
A look at the day ahead in European and global markets from Monday. It's been a mixed start for most of Asia in this holiday-truncated week, though Japanese...
A look at the day ahead in European and global markets from Monday.It's been a mixed start for most of Asia in this holiday-truncated week, though Japanese shares extended their bull streak to hit highs not seen since 1990.The Nikkei is up more than 8 per cent so far this month, and almost 29 per cent
It's been a mixed start for most of Asia in this holiday-truncated week, though Japanese shares extended their bull streak to hit highs not seen since 1990. The broader Topix is up 26% on the year but still only trades at a price to earnings ratio of 14. The entire market capitalisation of the Topix is 454 trillion yen ($3.03 trillion), yet Japanese companies held 555 trillion yen in internal reserves at the end of the financial year.
Japanese shares hit highs not seen since 1990 on Monday as strong earnings and offshore demand fuelled a three-week winning streak, while the yuan was pushed higher by China's central bank leading to...