Japanese stocks closed Monday’s session at fresh 15-year highs after China’s week-end interest rate cut bolstered risk appetite and as the yen weakened, but the gains were limited as investors were cautious of a potentially overheating market.
The Nikkei share average ended 0.2 per cent higher at 18,826.88, the highest closing level since April 2000. The broader Topix gained 0.1 per cent to 1,524.97, with 2.17 billion shares changing hands, the lowest level in three weeks.
The JPX-Nikkei Index 400 added 0.1 per cent to 13,837.41.