Under U.S and China’s trade tensions ease, it seems Asia stocks such as Shanghai or Nikkei got inflowing the found.
September 13, Friday was the large SQ week, and Japan’s Nikkei reached a twelve-weeks high, with mixed fundamentals.
At Tokyo afternoon session, the Nikkei share average is up 1.05% from last week at 21,988.29 points, its highest since May. 1.
Mitsubishi UFJ Financial Group gained 3.5%, Mizuho Financial Group rose 2.6% and Sumitomo Mitsui Financial Group climbed 2.7% thanks to a rebound in bond yields, which are expected to reinforce banks’ profitability.
Also yields of major government bonds pulled back sharply from recent lows as risk appetite improved and lessened investor demand for safe-haven debt.