Nikkei jumps 1.6%

The Japanese share market ended with strong footing on Monday, 05 October 2015, as investor sentiment was buoyed by hopes the US interest rate would delay a long-expected rate rise for the time being as well as speculation an agreement is imminent in the 12-party Trans-Pacific Partnership trade negotiations. The yen depreciation against the dollar also boosted up buying impetus. However, market gain was limited on caution ahead of the Bank of Japan policy setting meeting later this week. Total 32 out of 33 first-section sector sub-indexes added strength, with Mining, Wholesale Trade, Pharmaceutical, Machinery, Oil & Coal Products, Air Transportation, and Iron & Steel issues being major gainers. The Nikkei Stock Average advanced 280.36 points, or 1.58%, to end at 18005.49 points, meanwhile the broader Topix index climbed up 1.31%, or 19 points, to 1463.92 at the close.

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