The announcement of the plan to help Ireland pushed the Tokyo Stock Exchange Monday at the close, the Nikkei gaining 0.93% to 10,115.19 points. The Topix index, largest, rose 0.69% to 875.48 points. Gains were however limited by profit taking after a rise in the index by over 9% since the beginning of November.
The European Union and the International Monetary Fund has responded positively to a request Sunday night called to help as much as 90 billion euros for Ireland, which will become the second country in the eurozone this year to benefit support after Greece. Portugal, after Ireland considered as the next country at risk in the euro area, welcomed the plan Sunday night in Dublin with considering it "alleviates fears, reduces uncertainty and enhances market confidence ' .The Portuguese Finance Minister Fernando Teixeira dos Santos said that "it is undoubtedly a positive for the stability of the euro area".
On the foreign exchange market, the euro gained against the dollar (1.3755 dollars) Monday in Tokyo after the decision of the European Union and the IMF while the greenback was trading at about 7 pm to 83.41 yen.
In the rest of the area
Elsewhere in Asia, the trend is generally green, amid relief of global financial markets. The S & P / ASX Sydney wins 0.31% to 4643.50 points. In New Zealand, the benchmark index of the stock market allows itself to 0.87% 3296.63 points.In India, the Bombay SE rises from 0.79% to 19,740.10 points.
However, the Singapore Straits Times was down 0.15% to 3192.66 points, the Hang Seng in Hong Kong fold from 0.36% to 23,521.10 points but the ISC Shanghai gleans 0.28% to 3187.90 points .
Tensions in China can be explained by fears that higher reserve requirements for banks slowing China's growth. For the second time in two weeks, the People's Bank of China announced Friday that it was within half a point required reserve ratio of banks from 29 novembre.C is the fifth time this year that the China's central bank meets this coefficient.
This announcement, in conjunction with another rate hike last month, shows that Chinese authorities are anxious to absorb excess liquidity circulating in the economy.Wall Street downturn was part of last Friday for much of the session, this property has worried investors.
But on Monday, according to the Reform Commission of China, Beijing's ability to control inflation while maintaining economic growth. "The conditions in China are totally united to preserve price stability," said she.