Japan stocks recover on bargain buying

Japanese share market recovered on Thursday, 13 August 2015, as investors chased for value buying, after selloff in the previous two sessions on concerns about possible decline in inbound tourists from the China and their purchasing power after Chinese central bank devaluation of the yuan. Total of 23 out of 33 TSE sectors advanced, with shares of utilities, transportation, drug-maker, shipping, and mining sectors being major gainers. The Nikkei Stock Average advanced 202.78 points, or 1%, to end at 20595.55 points. The broader Topix index ended 2.20 points, or 0.13%, higher at 1667.95 points.

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