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Market Report - Nikkei Rallies

2010-02-22 3 Dailymotion

In today’s market report… Asian shares rallied, led by Japanese exporters cheered by an easier yen against the dollar.<br /><br />Japan's Nikkei gained over 3 percent by midday with consumer electronics giant Sony sharply higher.<br /><br />Even troubled Toyota gained ahead of congressional testimony later this week by president Akio Toyoda on its massive recall.<br /><br />Shanghai trading resumed after a week with Chinese-listed banks easing slightly in the wake of tighter reserve requirements.<br /><br />Energy-linked stocks like PetroChina and CNOOC rose in Hong Kong, as oil neared $80 a barrel.<br /><br />Shares of PCCW, Hong Kong's former phone monopoly, dipped after media reported the company was being investigated after a failed privatization bid, including a police raid on the home of its chairman.

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