Thursday, 27 December 2012

INQUIRER.net: Asian shares rise but US fiscal concerns linger

INQUIRER.net
Philippine News for Filipinos
Asian shares rise but US fiscal concerns linger
Dec 27th 2012, 15:34

HONG KONG—Asian shares rose Thursday, with Tokyo scaling a 21-month high thanks to a weaker yen, but pessimism lingered over the prospects of a US "fiscal cliff" deal by the yearend deadline.   Tokyo's benchmark Nikkei 225 index climbed 0.91 percent, or 92.62 points, to 10,322.98, the highest level since March 11 last year when a massive quake struck Japan, sparking a tsunami and the worst atomic crisis in a generation.   The dollar rose to its highest level in more than two years against the yen as Prime Minister Shinzo Abe took office, raising expectations that the Bank of Japan would initiate more aggressive monetary easing under his leadership.   ...

Keep on reading: Asian shares rise but US fiscal concerns linger

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