Japan stocks extend gain for third day

Japanese share market enjoyed a positive drive for third straight session on Friday, 07 August 2015, as risk sentiments boosted up by yen floating of upper-124 level against greenback, better than expected domestic earnings, and Bank of Japan bullish view to achieve 2% inflation without extra action. However, market gain was limited as investors awaiting the release of US jobs data later Friday for clues on the timing of an expected Fed interest rate rise. 24 out of 33 TSE sectors advanced, with Insurance, Metal Products, Construction, Textiles & Apparels, Glass & Ceramics Products, and Machinery stocks being top gainers. The Nikkei Stock Average advanced 60.12 points, or 0.29%, to end at 20724.56 points. The broader Topix index ended 5.61 points, or 0.34%, higher at 1679.19 points. For the week, the Nikkei index has gained 0.7%.

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