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Nikkei rises on positive offshore lead, soft yen

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Capital Market
The Japanese share market ended stronger on last trading session of the week, Friday, 16 October 2015, catching up gains on the Wall Street overnight after upbeat U.S. price and jobless claims data calmed some concerns about the strength of the U.S. economy. Meanwhile, growing speculation of additional stimulus from Japanese authorities and greenback appreciation against the Japanese yen also bolstered buying spirit. Total 31 out of 33 TSE first-section sector sub-indexes ended up, with Insurance, Financial Business, Real Estate, Glass & Ceramics Products, Air Transportation, Securities & Commodities Futures, Rubber Products and Banks issues being major gainers. The Nikkei Stock Average advanced 194.90 points, or 1.08%, to end at 18291.80 points, meanwhile the broader Topix index rose 1.01%, or 15.12 points, to 1505.84 at the close.

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First Published: Oct 16 2015 | 2:36 PM IST

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