Nikkei reclaims 19K mark

Japanese share market advanced for third straight day on Friday, 28 August 2015, as risk sentiments bolstered by tracking a second day of gains in U.S. markets and yen depreciation against dollar. Sentiment also got a lift by speculation of more stimulus from Japan central bank after official data showed that Japanese inflation fell back to zero in July while household spending dropped again. Almost all TSE industry groups advanced, with shares of STEEL & NONFERROUS METALS, ENERGY RESOURCES, COMMERCIAL & WHOLESALE TRADE, AUTOMOBILES & TRANSPORTATION EQUIPMENT, BANKS, MACHINERY, and ELECTRIC APPLIANCES & PRECISION INSTRUMENTS companies being biggest gainers. The Nikkei Stock Average advanced 561.88 points, or 3.03%, to end at 19136.32 points. The broader Topix index ended up 3.3%, or 49.39 points at 1549.80.

Powered by Capital Market - Live News