Japan Market rebounds on offshore lead, weaker yen

The Japan share market rebounded on Thursday, 29 September 2016, on the back of positive lead from Wall Street overnight and yen depreciation against greenback. Most of the TSE industry group inclined, resource-related names being major gainers following a decision by the Organization of the Petroleum Exporting Countries to cut output. The Nikkei average climbed 228.31 points, or 1.39 percent, to end at 16,693.71. The Topix index closed up 12.48 points, or 0.94 percent, at 1,343.25. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 1431 to 543 and 87 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 4.17% to 19.77.

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