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Nikkei climbs to 1-1/2 week high helped by Fed, Chinese data

Reuters Tokyo

Japan's Nikkei share average climbed to a 1-1/2 week high on Wednesday after strong Chinese trade data lifted investors' risk appetites and the Federal Reserve's new chief signalled no change in its policies.

The Nikkei ended 0.6% higher at 14,800.06, its highest closing since January 31. It moved further away from a four-month low of 13,995.86 hit last week.

The Topix gained 1.3% to 1,219.60, with 32 of 33 subsectors in positive territory.

The JPX-Nikkei Index 400, an index launched this year comprised of firms with high return on equity and strong corporate governance, rose 1.3% to 11,018.28.

 

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First Published: Feb 12 2014 | 12:24 PM IST

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