Nikkei ends above psychologically important 20000 level

Japanese share market closed at fresh 15-year high on Wednesday, 20 May 2015, after official data indicated Japanese gross domestic product grew at its fastest pace in a year during the first quarter. Risk sentiments also buoyed by strong corporate profits and reports pension funds and other institutional investors rotating cash into shares from other asset classes. The benchmark Nikkei 225 index advanced 170.18 points, or 0.85%, to finish at 20196.56. The broader Topix index of all first-section shares increased 10.07 points, or 0.62%, up at 1643.40, its highest level since November 2007.

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