“Tokyo only had a few hours to react to the data and bore the brunt of negative sentiment, but after the close Tuesday we saw other markets gain ground on Chinese stimulus expectations“, Yamada said. The Topix declined 1.5 percent to 1,422.33 as of 9:16 a.m.in Tokyo, with all of it 33 industry groups retreating, after the measure on Friday capped its longest losing weekly streak since February 2014. Fresh Chinese stimulus sparked a global stocks rally Wednesday in markets that had been coloured red by fears of a slowdown in the world’s second-largest economy, with Tokyo surging nearly 8%. “That’s a good sign, and perhaps the market has now discounted the worst of the China news�. A government report released at midmorning showed that the number of available jobs jumped sharply in July to the highest level in 15 years. Wall Street was closed on Monday for the Labour Day holiday. The index had surged a day earlier, logging its second-best day of the year. The stock regulator on September 2 fined three online firms for providing a platform for illegal loans for share trading and analysts say it has given brokerages until the end of the month to clear all illegal margin loans. On currency markets, the dollar strengthened against the yen Thursday afternoon after a Japanese ruling party lawmaker told Bloomberg News that the country’s central bank should expand its monetary easing program. The S&P 500 was up 27.04 points, or 1.41 per cent, at 1,948.26. For now, he said it looks like the rally was mostly due to short covering. The benchmark index has jumped about 10 per cent since hitting an eight-month low last month. If the hiring situation continues to improve it could potentially lead to higher wages and rising inflation. “Investors are again focusing on the potential United States interest rate increase and how it would impact emerging markets�. The Nikkei’s point gain was the biggest since January 31, 1994, on a daily basis. There was also a 2-cent rose in the USA benchmark oil. The devaluation spooked investors, who interpreted the move as an attempt to shore up an ailing economy. BIG BOUNCE: US stocks were rallying a day after logging their second-biggest gain of the year. Among individual stock movers on Tuesday, Barnes & Noble was a big loser. The U.S. Treasury is scheduled to auction $21 billion (13.6 billion pounds) of 10-year paper later. Economic policy measures in China and Japan were positives for investors on Wednesday but there were also technical factors at work in the rebound, analysts said. Meredith jumped $4.45, or 9.6 percent, to $50.37 after agreeing to be acquired by fellow media company Media General. The Shanghai Composite Index in mainland China rose 2.3 percent to 3,243.09. The euro was steady at $1.1210. Brent crude, used to price global oils, gained rose 42 cents $48.02 a barrel in London.

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