Nikkei surges 1.64% after dovish Fed minutes

The Japanese share market soared on Friday, 09 October 2015, with sentiment boosted by a strong lead from Wall Street overnight and the release of the US Federal Reserve's September policy meeting minutes, which indicated the central bank isn't in a hurry to raise U.S. interest rates. Total 31 out of 33 TSE first-section sector sub-indexes added strength, with Iron & Steel, Nonferrous Metals, Construction, Mining, Warehousing & Harbor Transportation Services, Pulp & Paper, Rubber Products, Machinery, Transportation Equipment, and Marine Transportation issues being major gainers. The Nikkei Stock Average surged 297.50 points, or 1.64%, to end at 18438.67 points, meanwhile the broader Topix index jumped 2.28%, or 33.73 points, to 1515.13 at the close. For the week, the Topix climbed 4.9% and the Nikkei225 index rose 4%. Japanese markets will close for a holiday on Monday.

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