FXstreet.com (Barcelona) - Asian markets have opened the week in a optimistic manner, most Asian markets were closed yesterday, on widespread confidence of Governmental and Central Banks' measures to help companies short of liquidity.
Tokyo's Nikkei Index has soared 4.9%, closing in positive for the first time in three days, and the Topix Index rose 4.8%, its largest increase since November.
Suitomo Realty & Development Co, on of Japan's main real estate developers has jumped 9.7% on news that the Bank of Japan will lower borrowing costs, while Honda Motor Co soared 9.3% on better than expected US Conference Board's Leading Index, which eased concerns about a deep slump on consumer confidence.
The Yen has dropped against the most majors on renewed risk appetite on the back of news by the Bank of Japan's plan to aid troubled companies. The Euro Yen was up 0.8% to 118.40, while the Sterling rose 1.2% to 125.85.