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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Hong Kong, Shanghai Soar On China Stimulus As Strong Yen Hits Tokyo

The Japanese yen has tumbled more than 10 percent against the dollar this year. (Credit: AFP)

Shares in Hong Kong and mainland China rocketed Monday, extending last week's surge after Chinese authorities unveiled a raft of measures aimed at kickstarting the world's number two economy.

However, Tokyo plunged as much as five percent in reaction to Shigeru Ishiba's election last week as the head of Japan's ruling party, which boosted expectations the Bank of Japan will continue hiking interest rates.

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