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Nikkei rises to 3-1/2 week high in thin trade

Yen at 7-month low against the dollar

Reuters Tokyo

Tokyo stocks rebounded to a 3-1/2-week high on Monday, led by exporters and others as the yen struck a seven-month low against the dollar after a gathering of central bankers underscored the diverging path of Japanese and US interest rates.

The benchmark Nikkei average climbed 0.5% to 15,613.25 points, its highest closing level since July 31. It shed 0.3% on Friday, breaking a nine-day winning streak - the longest since December.

However, the trading activity was subdued, with trading volume hitting the lowest in a week.

The broader Topix gained 0.4% to 1,291.31, while the JPX-Nikkei Index 400 also added 0.4% to 11,751.23.

 

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First Published: Aug 25 2014 | 12:01 PM IST

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