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Nikkei bounces on stimulus hopes

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Capital Market
Japanese share market advanced on first trading session of the week, Monday, 17 August 2015, on bolstering speculation of further stimulus measures from the government after softer than expected Japan growth data. 28 out of 33 TSE sectors ended above neutral line, with Textiles & Apparels, Foods, Rubber Products, Glass & Ceramics Products, and Construction sectors being top gainers. The Nikkei Stock Average advanced 100.81 points, or 0.49%, to end at 20620.26 points. The broader Topix index ended 8.41 points, or 0.51%, lower at 1672.87 points.

Japan's gross domestic product shrank 1.6% on an annualized basis in the April-June quarter, according to data released on Monday by the Cabinet Office. On a quarter-on-quarter basis, GDP contracted 0.4% in April-June quarter.

 

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First Published: Aug 17 2015 | 5:36 PM IST

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