Asian markets have made a strong start of the new week, rebounding from last week’s drop and traders were rejoicing the news that Iran reached an agreement with the Western powers after five days of talks in Geneva and agreed to limit its nuclear program. By agreeing to curtail its nuclear activities, Iran won an easing of certain sanctions on oil, auto parts, gold and precious metals for six months. Japanese market has taken the lead, as the yen weakened against the dollar to its lowest level since July 8 this year, and ahead of Bank of Japan’s Governor Haruhiko Kuroda’s speech.
Shanghai Composite was up by 7.31 points or 0.33% to 2,203.68, Hang Seng added 41.77 points or 0.18% to 23,738.05, Jakarta Composite was up by 15.83 points or 0.37% to 4,333.79, KLSE Composite added 11.02 points or 0.61% to 1,805.54, Nikkei 225 gained 201.45 points or 1.31% to 15,583.17, Straits Times was up by 6 8.04 points or 0.25% to 3,180.89, Seoul Composite gained 18.57 points or 0.93% to 2,024.80 and Taiwan Weighted gained 88.93 points or 1.10% to 8,205.71.
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