Japan Stock Futures Rise, Signal Asia Rebound From Cyprus Plunge
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Bloomberg (19/3) - Japan
stock futures and Australian shares rose, signaling the Asian benchmark
index may rebound after concern that Europe will plunge back into
crisis wiped $190 billion off the value of regional equities yesterday.
American Depositary Receipts of Mitsubishi UFJ Financial Group Inc. (8306)
climbed 1.8 percent after Japan’s largest publicly traded lender
yesterday fell by the most in eight months. ADRs of Canon Inc, a camera
maker that gets 80 percent of sales outside Japan, gained 1.1 percent.
Alacer Gold Corp. advanced 3.9 percent in Sydney as gold rose for a
fourth day.
Futures on Japan’s Nikkei 225 Stock
Average expiring in June closed at 12,325 in Chicago yesterday, up from
12,170 at the close in Osaka,
Japan. They were bid in the pre-market at 12,340 in Osaka at 8:05 a.m.
local time. Australia’s S&P/ASX 200 Index advanced 0.5 percent,
recouping some of yesterday’s 2.1 percent drop after Cyprus proposed an
unprecedented levy on bank savings to pay for a European bailout. New
Zealand’s NZX 50 Index slipped 0.1 percent today.
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