Nikkei gains for 1st time in four days on bargain hunting

Reuters Updated - January 19, 2018 at 05:07 PM.

nikkei

Japanese stocks rose on Tuesday for the first time in four days as investors bought recently battered stocks, and as China’s fourth-quarter growth data met expectations.

The Nikkei share average rose 0.6 per cent to 17,048.37 points, snapping a three-day losing streak.

China’s economy grew 6.8 per cent in the fourth quarter from a year earlier, Tuesday’s gross domestic product (GDP) data showed, the slowest growth since 2009. But there were no hints of a hard landing as some investors have feared.

The broader Topix added 0.2 per cent to 1,390.41 and the JPX-Nikkei Index 400 advanced 0.2 per cent to 12,524.07.

Published on January 19, 2016 06:43