Asian markets up but Nikkei rockets upward

FXstreet.com (Barcelona) - Japan’s Nikkei Stock Average (+3.39%) erupted to above 14000, but Hong Kong’s Hang Seng (+0.34%), India’s Bombay Sensitive (+0.49%), Singapore’s Straits Times (+0.37%) and Indonesia’s Jakarta Composite (+0.78%) also added gains on Tuesday, while South Korea’s Kospi fell -0.36% with more threats from North Korea, and Mainland China’s Shanghai Composite closed around flat. Australia’s S&P/ASX 200 fell -0.24% following the unexpected RBA rate cut by 25bp to 2.75%, a record low.

Futures for the German DAX 30 and the French CAC 40 are signaling a higher opening around +0.20% ahead of French industrial output and German factory orders in March, which “should give a better picture of how much of the weakness that we’ve seen in the surveys is translating into weakness in the hard data”, said TD Securities analysts.