Stocks

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

Reuters Tokyo | Updated on January 19, 2018 Published on January 19, 2016

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
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