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Japan's nikkei stock michael kors outlet store benchmark jumps as yen weakens against the dollar

Corporate earnings sent the dow close to its record high.Japanese shares faltered, however, as the yen rebounded against the dollar.

Japan's benchmark nikkei index fell as the yen strengthened against the dollar following a pledge by finance ministers from the world's largest economies to refrain from intentionally weakening their currencies.The nikkei 225 was michael kors uk outlet down 0.2 per cent to 11, 344.45.

Australian stocks hit their highest intraday level in nearly three years.The s 200 was up 1.1 per cent to 5, 011.60.South korea's kospi advanced 1.1 per cent to 1, 966.76.Benchmarks in singapore, indonesia and the philippines also rose.

Markets in mainland china, hong kong and taiwan michael kors uk were closed for lunar new year holidays.

Finance ministers from the world's major advanced economies said in a statement following a meeting in brussels that they remained committed to exchange rates driven by the market, not government or central bank policies.

Traders interpreted the statement as a message directed at japan, where the yen has plummeted against the dollar since prime minister shinzo abe took office and pushed the central bank for ultra loose monetary policy.

Central bank governor masaaki shirakawa, who has appeared at odds with abe's views on cheap michael kors wallets monetary policy, is resigning next month, giving the government an opportunity to find a successor more sympathetic to its aims.

The bank of japan begins a two day policy meeting wednesday but analysts said no new initiatives were expected in light of the impending leadership change.

The dow rose 0.3 per cent to 14, 018.70, within 1 per cent of its record of 14, 164 it set in October 2007.The s 500 gained 0.2 per cent to 1, 519.43.The nasdaq composite fell 0.2 per cent to 3, 186.49.

Benchmark oil for march delivery was down 8 cents to $97.59 per barrel in electronic trading on the New York Mercantile Exchange.The contract rose 48 cents to finish at $97.51 on the Nymex on Tuesday.
 

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