Nikkei jumps 2 percent on weak yen

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Reuters TOKYO
Last Updated : May 13 2014 | 11:49 AM IST

TOKYO (Reuters) - Japanese stocks jumped 2 percent to a 1-1/2-week high on Tuesday as a weaker yen lifted exporters, while Nissan Motor Co and Sharp Corp gained on hopes that their perceived conservative forecasts suggested more upside to their earnings.

The benchmark Nikkei share average ended 275.92 points higher at 14,425.44, the highest close since May 2.

The broader Topix rose 1.8 percent to 1,178.35, while the new JPX-Nikkei Index 400 advanced 1.8 percent to 10,728.59.

Nissan jumped 5.1 percent.

(Reporting by Ayai Tomisawa; Editing by Chris Gallagher & Kim Coghill)

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First Published: May 13 2014 | 11:40 AM IST

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