Nikkei extends gain on softer yen

The Japan share market finished higher in volatile trade on Monday, 22 August 2016, supported by the yen's easing against the dollar and other major currencies on the prospect of higher U.S. interest rates in the coming months. Total 27 out of 33 TSE sectors advanced with Land Transportation, Construction, Rubber Products, Electric Power & Gas, Services, and Retail Trade issues being major gainers. The 225-issue Nikkei stock average advanced 52.37 points, or 0.32 percent, to end at 16,598.19 on the Tokyo Stock Exchange. The Topix index of all first-section issues grew 8.01 points, or 0.62 percent, to close at 1,303.68. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 1461 to 479 and 117 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 0.05% to 22.01.

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