Rain of purchases on the main Asian stock exchanges, driven by theeuphoria in Tokyo for the maxi IPO of Japan Post, by the good performance of Wall Street and by the confidence in the support of the economy by the Central Banks, the ECB in the lead.
The Nikkei finished trading up 1,30% to 18.926 points, while the broader Topix index rose 0,88% to 1.540 points. The catalyst of the day was the start of trading Japan Post Holdings and its subsidiaries Japan Post Bank and Japan Post Insurance, debut today after the conclusion of the IPO. The holding company and the banking division opened with increases of 25 and 15% on the placement price while Post Insurance struggled to launch due to the boom in orders; at the close of trading, shares of Post Holdings closed up more than 20%, those of the bank more than 15% and those of the insurance division with a leap of 56%.
Among the already closed stock exchanges, Seoul gained 0,21%, Taiwan 1,52%.
The other Asian markets still trading were positive: Hong Kong soars by 2,28%, Shanghai by 4,31%, comforted by the more than optimistic outlook of President Xi Jinping.
Singapore was also excellent with an increase of 0,99%, Jakarta +1,63%, Kuala Lumpur with +0,52% and Bangkok +0,61%.
