The Nikkei exceeds 9000 points

In the wake of the end of last week, Asian stock markets continued to grow, especially given that the Nikkei 225 gaining nearly 2% in two days. An emergency meeting of the Central Bank of Japan (BoJ) to stem the yen's strength has been scheduled on Monday. While his American counterpart said he was "ready to implement" such a device, the BoJ decided it to extend its monetary easing.

The yen hardly reacts

The Monetary Policy Committee of the BoJ decided to offer two new types of loans outstanding for a period of three and six months, respectively, twice a week and once or twice a month, in amounts of about 800 billion yen (7.4 billion euros) each. Finally, the amounts spent on these outstanding tools will reach 30,000 billion yen (20.000 billion for the three-month loans and 10,000 million for those six months).Consequence: the yen fell slightly on Monday morning, trading at 85.70 yen to 85.19 yen against the dollar Friday in New York.

This measure was more than welcome by the Asian stock markets. The Nikkei climbed 1.89% to 9161.11 points, the Hang Seng Index in Hong Kong gained 0.67% to 20,734.38 points, the China Stock Exchange rose 1.78% to 2909.57 points. Taiwan posted a gain of 0.30% to 7745.71 points, Seoul was up 1.61% to 3696.46 points, ahead of Sydney 1.68% to 4443.30 points. Finally, stock markets in Bombay and Singapore respectively earn 0.47% to 18,083.61 points and 0.57% at 2955.43 points.

Values motor honor

So, the next corporate values exporters benefit from the slight decline in the yen, including automakers. Sony's advance of 1.02% to 2,464 yen, Honda climbed 2.27% to 2875 yen, or 2.85% ahead of Canon at 3600 yen.The rise of Toyota is more limited: 0.17% to 2946 yen.

For their part, crude prices were up Monday in Asia, boosted by reassuring words of the President of the U.S. Federal Reserve (Fed) Ben Bernanke on the economic recovery of the United States and the good performance of Tokyo Stock Exchange.

In morning trading, a barrel of light sweet crude for October delivery gained 21 cents to 75.38 dollars, while that of Brent North Sea crude for October delivery rose 18 cents to 76.83 dollars.

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