Japan’s Nikkei rose to a fresh 15-year high on Wednesday as foreign investors were seen buying financials and other large-cap shares, believing them to be undervalued.
The Nikkei share average ended 1.1 per cent higher at 20,133.90, its highest closing level since April 2000. The broader Topix rose 0.8 per cent to 1,621.79, the highest closing level since November 2007.
About 2.795 billion shares changed hands, the highest since March 13. The JPX-Nikkei Index 400 advanced 0.8 per cent to 14,708.97.