Japanese stocks jumped to a near 7-1/2-year high on Thursday as a weak yen lifted key exporter shares, while data showing US economic resilience and expectations of more monetary stimulus in Europe buoyed the risk appetites.
Also lifting the sentiment was a poll suggesting Prime Minister Shinzo Abe’s coalition will score a handsome win at the December 14 general election, which could lead to a fresh mandate for his “Abenomics’’ plan to revive the economy.
The Nikkei benchmark, rising for a fifth straight day, ended 0.9 per cent higher at 17,887.21, the highest closing level since July 2007.
The broader Topix gained 0.8 per cent to a 6-1/2-year peak at 1,440.60, and the JPX-Nikkei Index 400 added 0.7 per cent to 13,078.27.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.