FXstreet.com (Barcelona) - Asian markets have returned to positive figures on late trading despite an erratic start, weighed by automakers; Euro and Pound have recovered partially after yesterday's sell-offs.
Tokyo Nikkei Index has advanced 1.8% on Tuesday after having dropped 0.4% on morning trade. South Korean Kospi Index advanced 2.5%.
Japanese Prime minister's announcement of a new stimulus plan to reactivate economy, the third of that kind, has triggered confidence on investors, and markets have returned to gains despite yesterday's negative session in Wall Street, and Japanese unemployment rate reaching a three-year high.
Euro and Pound pick up
Euro and Pound have bounced up after the declines of the last two days; EUR/USD has bounced at 1.3115 on early Asian session, to reach a session high at 1.3275 in late trading.
GBP/USD has risen from levels around 1.4130 on U.S. session times to reach a session high at 1.4340 during Asian session although the Pound has eased somewhat on late trading, dropping back to levels around 1.4260 ahead of the European opening.
USD/JPY has co9ntinued its recovery started during Yesterday's European trading hours. During Asian session, the USD has appreciated from 97.00 to a maximum level of 98.45, to drop back to levels around 98.00 at the time of writing.