Comments
Japanese shares jumped Friday as market sentiment was buoyed by gains in other Asian bourses and the yen’s fall against the dollar.
The benchmark Nikkei 225 Stock Average gained 291.04 points, or 2.08 per cent, to end at 14,309.97 while the broader-based Topix index was up 17.87 points, or 1.53 per cent, at 1,188.58.
By midafternoon in China, the Shanghai Composite Index had climbed 0.56 per cent and Hong Kong’s Hang Seng Index had added 1.78 per cent.
For the week, the Nikkei rose 4.63 per cent and the Topix gained 4.83 per cent.
Exporters traded broadly higher as the yen fell against the dollar. A weaker yen makes Japanese goods more competitive overseas and improves repatriated revenues.
On currency markets at 3 pm (0600 GMT), the dollar traded at 100.31-32 yen, up from Thursday’s 5 pm quote of 99.71-72 yen.
The euro was quoted at 129.36-38 yen, down from 129.53-57 yen late Thursday, and at $ 1.2895-2897 , down from $ 1.2990-2991.
Comments
COMMENT NOW
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.