Nikkei extends gain on yen depreciation

The Japan share market finished session higher on Tuesday, 11 July 2017, on the back yen depreciation against greenback. However, market gain was capped as investors waited for fresh clues on the global economy and US central bank policy with Federal Reserve boss Janet Yellen's testimony later in the week in focus. Most of TSE sectors inclined, with marine transportation, electric appliance, and information and communication-linked stocks being notable gainers, while power and gas utilities were downbeat. The Nikkei 225 average rose 114.50 points, or 0.57%, to end at 20,195.48, while the Topix index of all first-section issues finished 11.66 points, or 0.72%, higher at 1,627.14. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2284 to 880 and 292 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 10.88% to 14.42.

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