gnutrade.satya
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The stocks in Asia like the Japanese Nikkei to closed on a bright note when after fewer-than-expected US job losses in August bolstered optimism that the US economy would not fall back into recession.
Kenichi Hirano, operating officer at Tachibana Securities said: "With the Nikkei average above its 25-day moving average, it seems investors were ready for short-covering. That said, the only major upward catalyst for stocks these days is short-covering, and when that runs its course, it's hard to expect more gains."
The Japanese Nikkei rose 187.19 points to 9,301.32.
Kenichi Hirano, operating officer at Tachibana Securities said: "With the Nikkei average above its 25-day moving average, it seems investors were ready for short-covering. That said, the only major upward catalyst for stocks these days is short-covering, and when that runs its course, it's hard to expect more gains."
The Japanese Nikkei rose 187.19 points to 9,301.32.
