Japan’s Nikkei average gained on
Tuesday, reflecting hopes that the Bank of Japan could signal later in
the day its readiness to adopt more stimulus, although most investors do
not expect the BOJ take any action yet.
Coal and oil companies led gains after they were heavily sold on
Monday, in a possible sign of short-term trade dominating the market as
caution over a slowdown in China and Ukraine tensions kept many
investors on guard.
The Nikkei average rose 0.5 percent to 15,198.44, recouping about a
half of its losses on Monday to edge near a five-week high of 15,312.60
hit on Friday.
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