DHAKA: Japanese stocks have seen their fourth consecutive day of gains, in line with global markets shaking off concerns after the UK’s vote to leave the EU.
In the wake of the UK referendum last Friday, global stocks had tumbled, reports the BBC.
Yet, Japan’s benchmark Nikkei 225 remains on track to reverse those losses. The index was up by 0.7% to 15,673.69.
The gains came despite fresh data showing May’s industrial output falling at the fastest rate in three months.
The slowdown has investors hoping the central bank will step in to take some stimulus action.
‘We retain our forecast that the Bank of Japan will announce more easing at next month's meeting,’ Capital Economics’ senior Japan economist Marcel Thieliant said in a note.
Shares in car companies, vital to the country’s export sector, where all higher in early trading.
As the uncertainty over the UK’s economic future had driven the Japanese yen higher, exporters had seen their stocks suffer as a higher currency makes their products more expensive abroad.
Elsewhere in Asia, investors showed a similar confidence that things are looking up.
In China, the Shanghai Composite edged 0.2% higher to 2,937.75, while the Hang Seng in Hong Kong was up by 1.1% to 20,653.99 points.
In Australia, the ASX/200 jumped 1.4% to 5,215.30 points.
South Korea’s Kospi index was also 0.2% up at 1,961.00.
BDST: 1218 HRS, JUN 30, 2016
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** Asia shares continue global rebound
