You are here: Home » News-CM » International » Market Report
Business Standard

Nikkei gains as soft yen boosts exporters

Capital Market 

The Japan share market finished session in positive territory on Friday, 16 June 2017, as investors appetite for risk assets supported by the yen's depreciation above 111-level against greenback on the back of brisk U.S. economic indicators released on Thursday. Investors also took heart from the Bank of Japan monetary policy statement. No change was made in the BOJ's monetary policy as expected, following a two-day meeting. Securities, precision instrument and machinery-linked issues comprised those that gained the most by the close of play. The benchmark 225 average gained 111.44 points, or 0.56%, to close at 19,943.26, while the broader Topix index of all first-section issues finished up 7.95 points, or 0.50%, at 1,596.04. Rising issues outnumbered falling ones 1,237 to 652 in the TSE's first section, while 129 issues were unchanged.Volume grew to 2.285 billion shares from Thursday's 1.881 billion shares. Export-oriented names attracted buying thanks to the weaker yen. They included automakers Nissan and Honda, camera maker Canon, electronics maker Panasonic, technology firm Kyocera and electronics parts producer Murata Manufacturing.

Powered by Capital Market - Live News

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

First Published: Fri, June 16 2017. 17:00 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU