Japan: Nikkei closes higher on bottom fishing
Capital MarketJapan share market finished higher in volatile trade on Wednesday, 20 June 2018, paring some of their plunge a day earlier, as investors chased for bottom fishing and a broader recovery in regional sentiment. However, market gain was limited as investors stayed largely on the sidelines amid lingering fears of a trade war after US President Donald Trump threatened fresh tariffs on Chinese imports. Among TSE33 issues, pharmaceutical, electric power and gas, and food-linked issues comprised those that gained the most by the close of play. The benchmark Nikkei 225 index rose 1.24% or 276.95 points to close at 22,555.43, while the broader Topix index was up 0.51% or 8.83 points at 1,752.75. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 1991 to 1392 and 190 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 21.86% to 19.79 a new 1-month high.
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