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Asia Markets: Asian markets roll along on Powell’s comments; Nikkei up for 5th straight day

Asian stock markets logged solid gains in early trading Thursday after the 2%-plus jumps in the U.S. as Fed Chairman Jerome Powell’s comments Wednesday hinted at a slower pace of Fed rate increases next year.

Japanese stocks were up for the fifth straight session on gains led by the energy sector after the price of crude fell to 13-month lows. The Nikkei NIK, +0.81% was 0.9% higher. Among individual stocks, Nintendo 7974, +4.24% was up more than 4% and SoftBank 9984, +3.42% gained more than 3%. Still, some risk persists. With the dollar JPYUSD, +0.261048% sitting around ¥113.42 compared with ¥113.68 in late New York trade, the 20-year JGB’s yield was lower by half a basis point at 0.605%.

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