Overseas markets broadly higher after U.S. rally

|By:, SA News Editor

The Nikkei jumps 1.8%, buoyed by a modestly weaker yen, Sony earnings, and an overnight rally in U.S. shares.

The Shanghai Composite and the Hang Seng are 0.4% and 0.62% higher respectively in early trading.

In Sidney, stocks rise 0.96%, breaching 5,100 on the ASX, as bank stocks rebound after news of a five basis point deposit levy hurt the sector Thursday.