Equity markets erase DPRK nuclear test worries

According to Forbes:

The upbeat U.S. consumer confidence figures as well as Japan’s improving trade data wiped out worries over North Korea’s recent belligerance, boosting Asian shares across the board on Wednesday.

Tokyo shares opened higher after the U.S. Conference Board said overnight that the U.S. consumer confidence index surged to 54.9 in May from 40.8 in April, the biggest monthly jump since April 2003, and better than the market consensus of 42.3.

The benchmark Nikkei 225 was up 1.5% to 9,446.80 after the midday break. Investors placed buy orders after Japan’s exports showed modest signs of recovery in April.

Read the full article here
Asian Markets Up on US Confidence
Vivian Wai-yin Kwok


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