{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='JAPAN/HONG KONG: STOCK MARKETS SURGE UPDATE' data-url='/boclips/videos/5c54beaad8eafeecae13d5dc' data-video-url='/boclips/videos/5c54beaad8eafeecae13d5dc' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nJAPAN/HONG KONG: STOCK MARKETS SURGE UPDATE\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatA record performance on Wall Street encouraged Asian stocks to test higher levels intrade on Friday.Tokyo shares firmed and Hong Kong's key index pushed through a key resistance level.Japanese stocks finished higher on Friday...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eA record performance on Wall Street encouraged Asian stocks to test higher levels in\u003cbr/\u003etrade on Friday.\u003cbr/\u003eTokyo shares firmed and Hong Kong's key index pushed through a key resistance level.\u003cbr/\u003eJapanese stocks finished higher on Friday on buying by foreign and domestic investors, rebounding sharply from the previous day's decline. \u003cbr/\u003eThe dollar slipped against the yen.\u003cbr/\u003eThe benchmark 225-issue Nikkei Stock Average rose 124.50 points, or 0.74 percent, closing the week at 16-thousand 851 point 58 points.\u003cbr/\u003eOn Thursday, the average closed down 37.60 points, or 0.22 percent.\u003cbr/\u003eThe dollar bought 118.28 yen at mid afternoon, down 0.52 yen from late on Thursday in Tokyo and also below its late New York level of 118.83 yen overnight.\u003cbr/\u003eTraders said share prices advanced on continued active buying from foreign and individual investors who have grown more optimistic about the economic outlook for Japan and other Asian economies.\u003cbr/\u003eTraders also said supporting the market was the expectation that public and pension funds were allocating new funds to the stock market.\u003cbr/\u003eThe market, however, reduced some of its early gains on profit-taking in high-technology sectors.\u003cbr/\u003eAn overnight rally on Wall Street also encouraged investors in Tokyo. \u003cbr/\u003eSome analysts say a main reason for the recovery in Asian markets is Japan showing a real sign of economic recovery. \u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"Basically I'm very optimistic on Japan we're seeing a full blown recovery because Japan has solved its banking problems and is reflating the economy. And that in the short term good for Asia - but Asia has not solved its own banking problems and that's why the Asian recovery is only temporary, domestic demand can not fully recover in Asia its export demand that will benefit from Japan but they still have problems with the banking system, loan growth is still very weak in Indonesia, in Thailand and Korea.\"\u003cbr/\u003eSUPER CAPTION: Richard Werner, Chief Economist, Profit Research Center\u003cbr/\u003eMost Asian stock markets surged this week with Hong Kong blue chips hitting an 18-month high on Thursday.\u003cbr/\u003eOn Friday the Hong Kong stock market's Hang Seng Index also pushed through a key resistance level.\u003cbr/\u003eIt surged over 12-thousand points for the first time since October 1997's stock market crash.\u003cbr/\u003eThe rise was attributed to strength in overseas markets.\u003cbr/\u003eSOUNDBITE: (English)   \u003cbr/\u003e\"I think our general feeling is we are actually seeing some flow of money starting to move out of Wall Street into emerging markets globally so it is not just Asia and commodities have appear to have stabilised, potentially firming. That is a very positive picture for emerging markets as a whole. I don't think Wall St. continuing to make new highs is essential for Asia to see fresh money coming in.\" \u003cbr/\u003eSUPER CAPTION: Jonathan J.A. Gurnsey, Director- Global Head of Sales Trading, Asian Equities Credit Suisse First Boston\u003cbr/\u003eThe outlook for the market is good. \u003cbr/\u003eExperts believe that the rise will continue, and will spread to other emerging markets around the region.\u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\"I think in the short term there definitely is a momentum again in all of Asia and in Hong Kong. It is not being driven by earnings result which we continually see as not being positive. It is more a flow of funds, a momentum.\"\u003cbr/\u003eSUPER CAPTION: Jonathan J.A. Gurnsey, Director- Global Head of Sales Trading, Asian Equities Credit Suisse First Boston\u003cbr/\u003eTraders said that investors were focussing on telecom stocks, including the large corporations, such as Hong Kong Telecom and the mainland-owned China Telecom. \u003cbr/\u003eThey said these stocks were seen as relatively cheap. \u003cbr/\u003eTelecom stocks also benefited from hopes of progress on China's membership application to the World Trade Organisation and possible opportunities in the vast Chinese mainland telecom market.\u003cbr/\u003eThe market closed on Friday at 12-thousand 420 point 49 - a rise of over 450 points.\u003cbr/\u003e Tokyo, Japan, Hong Kong  - April 16, 1999 \u003cbr/\u003eTokyo\u003cbr/\u003e1. Various of Tokyo Stock Exchange\u003cbr/\u003e2. Set up of Richard Werner walking along street  \u003cbr/\u003e3. SOUNDBITE:(English) Richard Werner, Chief Economist, Profit Research Center\u003cbr/\u003eHong Kong\u003cbr/\u003e4. Exteriors Dah Sing Bank \u003cbr/\u003e5. Electronic board stating 12306.11 up by 343.88\u003cbr/\u003e6. SOUNDBITE: (English) Jonathan J.A. Gurnsey, Director- Global Head of Sales Trading, Asian Equities Credit Suisse First Boston \u003cbr/\u003e7. Wide shot of Hong Kong Stock Exchange\u003cbr/\u003e8. Female trader at computer\u003cbr/\u003e9. Wide of trading floor\u003cbr/\u003e10. SOUNDBITE: (English) Jonathan J.A. Gurnsey, Director- Global Head of Sales Trading, Asian Equities Credit Suisse First Boston \u003cbr/\u003e11. 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1999\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;grade_ids%5B%5D=259\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003ebusiness, economy, asia, hong kong, east asia, japan, personal finance, china\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 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