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Japan Nikkei surges 0.77%

Capital Market 

Headline indices of the share market closed higher on Friday, 15 March 2019, helped by signs of progress in US-trade negotiations, the British Parliament's overnight vote on a delay to its planned departure from the European Union, with a weaker yen further adding support. Total 31 subsectors of the 33 subsectors of the inclined, with shares in Mining, Textiles & Apparels, Pharmaceutical, Banks, Fishery, Agriculture & Forestry, Other Financial Business, and Oil & Coal Products issues being notable gainers.

At closing bell, the 225-issue Nikkei Stock Average added 163.83 points, or 0.77%, at 21,450.85. The broader index of all First Section issues on the rose 14.35 points, or 0.9%, at 1,602.63.

Shares of with large exposure to soared on Beijing's commitment to boosting economic growth. Corp rose 1.4%, while gained 1.8% and jumped 4.2%. soared 2.7% after reports that trading house Corp had raised its stake in the to 40% from about 30%.

CURRENCY NEWS: The yen was steady against greenback as the cut its economic outlook while maintaining its policy stance. The attributed its cut to the growth outlook largely due to overseas developments.

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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, March 15 2019. 16:14 IST
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