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Japan market surges 2.11% on upbeat China PMI, softer yen

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Capital Market
Japanese share market surged on Thursday, 22 May 2014, as investors chased for risker assets across the board on dovish set of FOMC Meeting Minutes and significantly better-than-anticipated Chinese manufacturing PMI reading. Meanwhile, sharp decline in the yen against dollar and Japan Post Insurance Co plans to increase investment in domestic stocks also gave a lift to shares. The benchmark Nikkei index added 2.11% to 14337.79, while the Topix index of all first-section shares climbed 1.68% to 1169.34

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First Published: May 22 2014 | 4:24 PM IST

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