Monday, 29 April 2013

Asian Markets Update


The Nikkei average eased on Tuesday following weak earnings guidance from Fanuc Corp and Honda Motor, although it remains on track for its best April performance in 20 years on the back of sweeping stimulus measures unveiled this month.
The Nikkei slipped 0.4 percent to 13,833.28. The benchmark has risen 11.5 percent this month and is heading for its best April performance since 1993, largely driven by the Bank of Japan’s plans to inject USD 1.4 trillion into the world’s third-largest economy in less than two years to revive growth.

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