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Showing posts with the label CNBC Asia-Pacific Markets Overview; may 09

Nikkei Rebounds Over 3% on GDP Revision: CNBC Asia-Pacific Markets Overview; may 09, 2013.

Asian stocks opened higher on Monday with Japan leading gains following a better-than-expected gross domestic product (GDP) revision while a declining yen also helped the benchmark Nikkei index move out of last week's bear market territory. The Nikkei surged over 3 percent in early trade, rebounding from its previous two-month low while South Korea's Kospi was flat. Australian and Chinese markets are shut on Monday for public holidays. ( Read More : Emerging Market Funds See Biggest Exodus Since 2011 ) The Bank of Japan kicks off its two-day meeting on Monday and investors will be waiting to see if the central bank will take further steps to curb volatility in Japanese government bonds (JGBs).   Name Price