Business Standard

Nikkei hits fresh one-year high as yen plunges

Image

Capital Market
The Japan share market closed higher on Thursday, 15 December 2016, bucking the regional market trend, thanks to yen depreciation to upper 117 level against greenback after the Federal Reserve raised its benchmark short-term interest rate and hinted there would be more next year. The 225-issue Nikkei average rose 95.49 points, or 0.50 percent, to end at 19,250.52, marking its highest closing level since Dec. 17, 2015. The Topix index of all first-section issues finished up 8.82 points, or 0.58 percent, at 1,540.25.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 15 2016 | 3:08 PM IST

Explore News