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Japan Market edges higher

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Headline indices of the Japan share market edged higher on Friday, 25 October 2019, as a relatively cheap yen and positive earnings from overseas tech companies offset lingering concerns over developments in the U. S.-China trade war and in the U. K.'s planned departure from the European Union.

Around late afternoon, the 225-issue Nikkei Stock Average was up 3.66 points, or 0.02%, to 22,754.26, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange added 0.72 point, or 0.04%, at 1,644.46.

Total 16 issues of the 33 industry category of Topix index inclined into positive territory, with Pharmaceutical, Precision Instruments, Fishery, Agriculture & Forestry, Metal Products, and Air Transportation issues being notable gainers, while Securities & Commodities Futures, Information & Communication, Pulp & Paper, Insurance, and Transportation Equipment issues were notable losers.

Semiconductor-related shares advanced on better than expected corporate earnings from overseas tech companies. Tokyo Electron and Screen Holdings climbed 2.3% and 2.1%, respectively. Disco also soared 9.6%

CURRENCY NEWS: The Japanese yen, often viewed as a safe-haven currency in times of economic uncertainty, was tad softer against greenback. The Japanese yen traded at 108.64, depreciating from 108.51 seen earlier.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 25 2019. 09:52 IST