Nikkei rises for ninth straight session on weak yen
Capital Market Japanese share market advanced on Thursday, 21 August 2014, extending winning streak for ninth consecutive session, buoyed by tracking solid gains for Wall Street overnight and a significantly weaker yen. The benchmark Nikkei 225 index advanced 131.75 points to 15,586.20, notching up a ninth day of gains. The Topix index of all first-section issues climbed 0.90%, or 11.55 points, to 1,291.19.
Stock-buying sentiment was mainly boosted by a jump in the dollar to a four-and-a-half month high after comments by U.S. Federal Reserve Bank officials indicating that a surprisingly strong jobs market recovery could trigger an earlier-than-expected interest rate increase by the central bank.
Powered by Capital Market - Live News