Headline indices of the Japan share market advanced on Friday, 13 July 2018, as investors continued value buying on tracking gains on Wall Street overnight and yen depreciation to 112.00 zone, a six-month low, against the dollar. Lack of an escalation in U. S.-China trade tensions also boosted investor sentiment. Among TSE33 issues, 31 issues inclined, while 2 declined, with shares of Services, Textiles & Apparels, Precision Instruments, Glass & Ceramics Products, Electric Appliances, Nonferrous Metals, Chemicals, and Information & Communication issues being notable gainers. At the close, the benchmark Nikkei 225 index inclined 1.85%, or 409.39 points, to 22,597.35. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, rose 1.2%, or 20.39 points, to 1,730.07.
Shares of export-related players gained, thanks to yen depreciation against greenback.
Shares of Fast Retailing jumped after operator of Uniqlo clothing stores reported 37% jump in its third-quarter operating profit to a record 68.4 billion yen thanks to brisk sales at its overseas Uniqlo stores.
OFFSHORE MARKET: US stock market rebounded to close higher on Thursday, partly due to optimism about the upcoming earnings season. Easing trade concerns also contributed to the rally. The tech-heavy Nasdaq soared 107.30 points or 1.4% to a new record closing high of 7,823.92, the Dow jumped 224.74 points or 0.9% to 24,924.89, and the S&P 500 surged up 24.27 points or 0.9% to 2,798.29.
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