Nikkei rises on hopes of further stimulus

The Japanese share market snapped a two-session losing streak on Thursday, 15 October 2015, as investors chased for value buying on growing speculation that Japanese authorities will introduce additional stimulus to support the flagging economy. Total 32 out of 33 TSE first-section sector sub-indexes ended up, with Rubber Products, Pharmaceutical, Services, Other Products, Information & Communication, Pulp & Paper, Land Transportation, Wholesale Trade, and Securities & Commodities Futures issues being major gainers. The Nikkei Stock Average advanced 205.90 points, or 1.15%, to end at 18096.90 points, meanwhile the broader Topix index rose 1.35%, or 19.89 points, to 1490.72 at the close.

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