Asian markets mixed after G20 talks; Japan soars

Asian markets were mixed Monday, with Tokyo surging thanks to a weakening yen after a weekend G20 meeting ended without accusing Japan of orchestrating a recent slide in its currency.

The Japanese unit resumed its downward trend as dealers welcomed the end of the Moscow talks, which came amid concerns that Japan’s new aggressive monetary policy could spark a currency war.

Tokyo climbed 2.23 per cent, Sydney added 0.60 per cent and Seoul was flat.

Hong Kong eased 0.18 per cent, while Shanghai, returning after a week-long Lunar New Year break, added 0.20 per cent.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1152970/asian-markets-mixed-after-g20-talks-japan-soars