Nikkei hits 13-month high on upbeat U.S. data, a softer yen

TOKYO Jan 4 Japan’s Nikkei share average
started 2017 trading on a strong note on Wednesday as investors
cheered upbeat global economic data released during Japan’s
holidays, and a weaker yen boosted exporters.

The Nikkei rose 2.5 percent to 19.594.16, making the
biggest gains in about two months and closing at its highest
level since early December 2015.

The broader Topix gained 2.4 percent to 1,554.48,
also its highest finish in over a year, led by gains in
shippers, steelmakers and exporters.

Advancers outnumbered decliners by more than 15-to-1.

Toshiba, the most traded stock on the main board by
turnover, ended down 2 percent following volatile trade after a
media report said the security watchdog suspects the Japanese
conglomerate of misreporting profits.

(Reporting by Ayai Tomisawa and Hideyuki Sano)

Source: Reuters

News

BRIEF-UPS To Deploy First Electric Truck To Rival Cost Of Conventional Fuel Vehicles

February 22, 2018 mmayha 0

Feb 22 (Reuters) – United Parcel Service Inc: * UPS TO DEPLOY FIRST ELECTRIC TRUCK TO RIVAL COST OF CONVENTIONAL FUEL VEHICLES * UPS – COLLABORATING WITH WORKHORSE GROUP TO DESIGN VEHICLES FROM GROUND UP, […]

News

UPDATE 1-Barrick Gold sees long-term output drop, promising projects

February 22, 2018 mmayha 0

(Adds details on projects, copper forecast, analyst comment) By Susan Taylor TORONTO, Feb 22 (Reuters) – Barrick Gold on Thursday predicted ongoing gold production declines in the long term, positioning the miner to lose its […]

Be the first to comment

Leave a Reply