Japanese stocks rose,
following U.S. equities higher, after the yen weakened as the fallout on
global financial markets from the Paris terrorist attacks faded.
The Topix index
rebounded from Monday’s loss to add 1.2 percent as of 9:01 a.m. in
Tokyo. All of its 33 industry groups advanced. U.S. stocks jumped the
most in three weeks and European equities shrugged off declines to close
higher as France expanded an aerial bombardment in Syria in retaliation
for the Nov. 13 attacks in Paris that killed at least 129 people.
The Nikkei 225 Stock
Average gained 1.2 percent to 19,630.16. The yen traded at 123.27 per
dollar after weakening 0.5 percent on Monday. E-mini futures on the
Standard & Poor’s 500 Index were little changed after the underlying
gauge jumped 1.5 percent on Monday, rebounding after the worst week
since an August selloff. The Stoxx 600 Europe Index added 0.3 percent.
The history of terror
incidents around the world over the past 15 years shows market reactions
are often sharp and, increasingly, short-lived. European shares
initially retreated before erasing the loss.
Source: Bloomberg
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