MARKETS-GLOBAL/ASIA-OPEN Asia stocks up as Wall Street rally calms markets, dollar surges

Record ID: 142330

  • Title: MARKETS-GLOBAL/ASIA-OPEN Asia stocks up as Wall Street rally calms markets, dollar surges
  • Date: 27th August 2015
  • Summary: TOKYO, JAPAN (AUGUST 27, 2015) (REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN READING (English): "JPX, TOKYO STOCK EXCHANGE" ELECTRONIC STOCK BOARD ALARMING AT OPENING OF TOKYO STOCK MARKET ELECTRONIC STOCK BOARD SHOWING NIKKEI 225 STOCK AVERAGE OPENING AT 18680.47 UP 303.64 POINTS ELECTRONIC STOCK BOARD BEING UPDATED TOKYO STOCK MARKET CENTER WORKING SPACE VARIOUS OF TSE WORKERS ELECTRONIC ROTATING TICKER TOKYO STOCK MARKET CENTER SEOUL, SOUTH KOREA (AUGUST 27, 2015) (REUTERS) TRAFFIC ON SEOUL STREETS PEOPLE WALKING ACROSS INTERIOR OF DEALING ROOM AT KOREA EXCHANGE BANK ELECTRONIC BOARD SHOWING KOREA COMPOSITE STOCK PRICE INDEX (KOSPI) DEALERS WORKING DEALER TALKING TO OTHER ELECTRONIC BOARDS SHOWING KOSPI AND USD/KRW EXCHANGE RATE MORE OF DEALERS WORKING/ ELECTRONIC BOARDS SHOWING CNH/KRW EXCHANGE RATE, KOSPI AND USD/KRW EXCHANGE RATE DEALER TALKING ON THE PHONE MORE OF INTERIOR OF DEALING ROOM SYDNEY, AUSTRALIA (AUGUST 27, 2015) (REUTERS) SYDNEY STOCK EXCHANGE BUILDING ELECTRONIC BOARD DISPLAYING STOCK PRICES AND MARKET GAINS AND LOSSES ELECTRONIC BOARD LIST STOCK PRICES S&P/ASX 200 GRAPH ELECTRONIC BOARD WITH . S&P/ASX 200 GRAPH AND GAINS AND LOSSES TOP 10 S&P / ASX 200 GAINS AND LOSSES
  • Embargoed: 11th September 2015 13:00
  • Keywords:
  • Location: Australia
  • Country: Australia
  • Topics: General
  • Reuters ID: LVAESDT8LAYJZVMUEXQZL7XVLQIT
  • Aspect Ratio: 16:9
  • Story Text: Asian stocks rose slightly on Thursday (August 27) as a sharp rebound on Wall Street helped soothe investors' tattered nerves, while the dollar rallied as risk aversion eased.
    Stock markets around the world had tumbled earlier in the week as a slump in Shanghai shares fuelled worries over China's economic health, but some calm returned after Beijing rolled out strong policy easing steps late on Tuesday.
    Japanese and South Korean stocks gained strongly on Wednesday (August 26) after U.S. stocks racked up their biggest one-day gain in four years.
    Expectations that the U.S. Federal Reserve might not raise interest rates next month also aided sentiment.
    In a sign that the faltering Chinese economy and slumping oil prices could affect U.S. monetary policy, New York Fed President William Dudley said the prospect of a September rate hike seemed "less compelling" than it was just weeks ago.
    Japan's benchmark Nikkei stock average was up nearly 2 percent in Thursday trade, after Wall Street rebounded sharply the previous day after six straight days of large declines caused by China worries.
    Japan's Nikkei average went up 303.64 points to 18680.47 early in the morning, while the broader Topix rose 26.27 points to 1505.24 on Thursday.
    Seoul shares rise more than 1 percent on Thursday mornings as risk aversion slightly eased following rallies in Wall Street and on bargain-hunting after recent sharp falls.
    The Korea Composite Stock Price Index (KOSPI) was up 0.56 percent at 1,904.74 points, in the first 15 minutes of trading.
    Australian shares advanced 0.7 percent.
    Pointing to a positive start for the market, stock index futures rallied 1.6 percent to 5,208.0, a 35.2-point premium to the underlying S&P/ASX 200 index.
    On Wednesday (August 26), the benchmark index closed 0.7 percent higher, reversing early losses as investors took heart from brief gains in Chinese equities.
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