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Japan Market extends gain on yen easing

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The share market inclined for second day in row on Tuesday, 18 October 2016, on the back of rally in the dollar against the yen and speculation mounts the US Federal Reserve will raise rates soon. However, market topside capped amid a wait-and-see mood before the release of key U. S. economic data this week and earnings from Japanese firms that fully kick off next week. Total 25 out of 33 TSE sectoral issues advanced, with Fishery, Agriculture & Forestry, Pulp & Paper, Construction, Real Estate, and Electric Power & Gas issues being major gainers.

The 225-issue Nikkei average gained 63.49 points, or 0.38%, to close at 16,963.61. The Topix index of all first-section issues ended up 4.01 points, or 0.3%, at 1,356.57. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 1839 to 1038 and 397 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 3.17% to 19.27 a new 1-month low.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 18 2016. 15:50 IST