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Asia Wrap: Japan Stocks Lead the Charge in Asia, Fuelled by a Weaker Yen and Wall Street Gains

FXStreetAug 16 03:21 ET

After concerns about the recession of the US economy receded, it rebounded to the 38,000 yen range.

The Nikkei average continued to rise for 5 business days, ending trading by recovering to the 38000 yen range for the first time in a day, up 1336.03 yen to 38062.67 yen (approx. 1.807 billion shares traded). It is perceived that concerns about the recession in the US economy have decreased due to the US price statistics, and the major stock indexes in the US market rose significantly on the previous day, which led to buying interest in a wide range of issues in the Tokyo market and the Nikkei index started to recover in the 37000 yen range. In addition, the yen exchange rate temporarily declined to around 1 dollar = 149 yen, which further weakened the yen and caused

Fisco JapanAug 16 03:07 ET

Active and newly established stocks in the afternoon session.

*J Front<3086> 1538.5 +50.57. The revenue for the month increased by 14.3%, an expansion from June's 11.3% increase. Foreign securities recommend buying. *Park24<4666> 1629 +1087. The revenue for Times Parking in the month increased by 10.4%, with an expansion from June's 5.8% increase. *Frontier M<7038> 1045 +48. M&A Capie<6080> is the second largest shareholder with 16.49% of the stock ownership. *Environment

Fisco JapanAug 16 02:49 ET

Stocks hitting the upper or lower price limit in the afternoon session.

Stop-up <149A> Sinka <3494> Marion <3909> Showcase <4485> J Tower <6177> AppBank <6777> Santeec Holdings <7352> TWOSTONE & Sons <7685> BuySell Technologies <8072> Japan publishing trade. Stop-down <3667> Enish <7063> Birdman <9399> Beat Holdings Limited * temporary stop

Fisco JapanAug 16 02:44 ET