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Nikkei rises for ninth straight session on weak yen

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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.

 

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First Published: Aug 21 2014 | 5:39 PM IST

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